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Pacificana New Town

Pacific Rim Land Inc.  |  StoneCreek provided disposition support to the owners of this major 4,324-acre landholding with entitlements in place to support a new town development.   The South Korea-based landowner had encountered cash flow difficulties in the midst of its pre-development efforts.   The property was planned as a “new town” with a blend of traditional and contemporary master design approaches integrated through a comprehensive open space system.

 

Work effort included preparation of an updated master plan, offering memorandum documents, solicitation to and negotiations with prospective buyers, and overall property disposition efforts.  StoneCreek was successful in identifying a prospective purchase for the property with an offer presented, which the landowner declined and elected to move forward with a bankruptcy filing.   The purchaser’s offer would have provided a profit to Pacific Rim Land.   Pacific Rim Land Inc. was an affiliate of Sun Rise Development Co. Ltd. based in South Korea, beneficially owned by Ju Young Kang.

 

The discovery of gold in the Kern River in 1851 brought substantial interest from those headed from the East Coast, in the Bakersfield-Kern County region.   Since its early beginnings, the mountainous range of the San Bernardino Valley has been known as an area where new trails are blazed in this vast region.

 

 

The master-planned community of Pacificana was a new town envisioned for the southwestern exurbs of Bakersfield, California.

Planned Community Consultants

Pleasant View Planned Golf Community

CUNA Mutual   |   Project master planning consultants and conceptual designer for master-planned community with golf course.  Market study, housing product evaluation, and financial projections, along with master plan for residential golf community in Middleton (Madison), Wisconsin.

 

Pleasant View Golf Community was a planned joint venture of two of Wisconsin’s leading financial services organizations. At build-out the master-planned golf community would include 1,300 residential units and an 18-hole championship-calibre golf course. Initial golf course routing was completed by Jack Nicklaus Design for integration with overall land development planning.

 

A business plan for the development project was prepared, including a detailed market assessment, supply/demand study, and recommended residential product array. Sales absorption, phasing schedules, and infrastructure routing were critical aspects of the work effort for the client.

 

Unlike other cities of its size (approx. 17,000 population), Middleton features the amenities and activity of much larger cities while maintaining its own unique small town charm with friendly and spirited people. Middleton benefits from close proximity to Madison and the University of Wisconsin, which has helped Middleton to become home to high-tech, biotech, pharmaceutical, medical research and agri-businesses as well as emerging and expanding commercial enterprises.

 

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