Feb 10 2015
Local homebuilder San Joaquin Valley Homes has started construction on a $30 million 26-acre single-family residential project called San Marino that will offer 95 detached homes in northwest Visalia, Calif. A grand opening is tentatively scheduled for April 2015.
"We're anticipating a very high demand due to a lack of inventory of larger new homes with high-end amenities," said Lissa Walker, director of marketing for San Joaquin Valley Homes, which is based in Visalia. "We're already receiving three to four inquiries a week, and we haven't opened a sales office yet. "
San Marino, located on a vacant piece of land at Riggin Avenue and South Shirk Road, will offer four floor plans and three elevations (Italian, Tuscan and French Country) ranging from 2,219 to 3,250 square feet with three to six bedrooms. The homes will have tile roofs, courtyards, granite countertops and tile flooring.
The floor plans offer features hard to find in the Visalia market, such as spacious kitchens with a center island and lots of cabinet space. Small touches include tech centers, spacious laundry rooms and large covered patios on most plans for outdoor entertaining. There is an option for a casita with its own entrance and bathroom, which can be built as an open area for a game/media room.
"This is the perfect neighborhood for any family," Walker said. "The range of choices and the flexibility of the floor plans allow our homebuyers to create living spaces that fit their lifestyle."
Close to major employers, including Kaweah Delta Hospital, Visalia Medical Clinic, College of the Sequoias and Cigna Healthcare, San Marino offers easy access to shopping. Five minutes from Highway 99, the community is a 10-minute drive from the Visalia Airport and less than one hour to Fresno International Airport.
"Visalia has a small town feel yet you don't have to go far to find what you need," Walker said. "In a few hours you can be at the beach, skiing in the mountains or walking beneath towering giant redwoods at Sequoia National Park."
San Marino is close to high-ranking schools in the Visalia Unified School District. On a scale of one to 10, Hurley Elementary School is rated nine, while Green Acres Middle School and Redwood High School -- which is planning a 16-class complex expansion in 2015 -- are highly rated as well. A new middle school five minutes away from San Marino is expected to be completed for the 2016 school year.
Presidio Residential Capital, a real estate investment company headquartered in San Diego, is the equity partner.
According to the National Association of Home Builders' formula to determine the local impact of single-family housing in typical metro areas, adding 100 single-family homes will generate $22.1 million in local income, $2.2 million in taxes and other revenue for local governments and 324 local jobs