RIO VISTA

CALIFORNIA, UNITED STATES

PROJECT NAME

LOCATION

STATUS

START YEAR

LAND SIZE

MAIN PROGRAM

DEVELOPER

COST

 

PROJECTED DEVELOPMENT

ACTUAL OCCUPANCY

OCCUPANCY RATE

Rio Vista

California, United States

Halted

2008

4.46 sq.m

Residential

Shea Homes Limited Partnership

US%15-24 million

 

663 residential lots

0

0%

       The present location of Rio Vista is several miles south of the original settlement. Colonel Nathan H. Davis founded “Brazos del Rio” near the entrance of Cache Slough at the Sacramento River, on the Rancho Los Ulpinos Mexican land grant, in 1858. The settlement was renamed “Rio Vista” before a flood in 1862 that resulted in the town moving to its present location on higher ground. The Northern California city of Rio Vista is considering plans to file for bankruptcy as the town struggles with an increase in number of foreclosures and high city employee wages.

     The area of 663 residential lots was supposed to be an ambitious, upscale haven featuring four neighborhoods – Lavender, Hyacinth, Hearth and Home, and Front Porch – of homes that ranged in size from 1,872 square feet to 3,876 square feet. Some lot sizes were 7,000 square feet. The larger homes came complete with extra quarters designed for in-laws or a potential renter.

       Hofer declined to tell how much money was put into the project but said it was a “considerable amount.” A range of figures from city officials go from about $15 million to $24 million.

 

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