Shuttered developments

Anyone else noticed how many tracts have closed up shop half built (or less). Driving up La Sierra Blvd it's hard to miss the Riverwalk Vista development. They built the streets, the clubhouse, the models and phase 1. Then they boarded it all up. Now all the homes have plywood over the windows. It's like a new home boneyard. Of course Lake Hills (Brehm) has closed up shop and stopped building. Lots of empty pads up there. Across the 91 is the Highlands, lots of empty lots there too.

The Retreat in South Corona went bust. I'm not sure what the total number of lots are that were left but they were trying to sell them a few months ago as a package deal after the developer went BK.

Stellan Rigde in Riverside is closing up shop. It seems like it's still in business but they have been trying to unload the last few homes for ages (Some are still under construction too). However the development is not built out. They sold all the remaining lots to the owner of the mission inn. He will probably sit on them for a few years at least. How would you like to pay $700k or more for a home and find out that the lots across the street might be weed filled fire hazzards for the next 5 years. I'd be a little pissed off. It also means the HOA isn't coming down to the level promised at build out ($180/mo) it's currently nearly $300/mo.

There are quite fea in MoVal. One tract up near the golf course (Pacific Eagle?) has shuttered up. Although I hear they may start up again. The Beazer development near Nason Street is closing, There's another development of the east end of the city that has been trying to unload its last few homes for 2 years.

Post more if you know em!