Funding

Funding Needed
$100 (Mio)
EB5 Funding
$100 (Mio)
EB-5 Investors
200
Investment Amount
$500,000

Jobs

Category
Real Estate and Rental and Leasing
Sub-Category
Lessors of Residential Buildings and Dwellings

Location

State
California
Location
Belago

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Viji Durga

Last Update: February 04, 2015 01:01 PM

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Renaissance Village Rancho Belago


Project Description

Developed by Continental East Development and situated in an ideal location, Renaissance Village Rancho Belago will be a state-of-the-art Assisted Living and Memory Care community serving the city of Moreno Valley and greater Riverside and San Diego Counties.  The site is currently under construction with a planned 3nd quarter 2014 completion date. In October 2010, Continental East Development (CED) acquired Renaissance Village Rancho Belago from Key Bank. The site +7 Acres was previously entitled for 112 condo units. Current condition of property is mass rough graded including off-site improvements to Moreno Beach Dr.

Project Highlights

  • Former Real Estate Owned [REO] Property

  • Site originally planned for 112 condo units

  • Condo development was fully entitled

  • Off-site infrastructure completed to Moreno Beach Dr.

  • Net Density- 18.6 Units/Acre

CED, in August 2012, obtained unanimous planning commission approval to proceed with its planned senior care development. On site grading is in process. Planned opening September 2014.

  • Site Area: +7 Acres

  • Phase I Assisted Care Beds: 64

  • Phase I Memory Care Beds: 36

  • Total Phase I Beds: 100

  • Clubhouse

  • Recreational Amenities


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