Trojanman said:I?m just wondering what the price points are for those view lots. My guess around 2 mill???
The Reserve will not be in any trouble even if sales are not as fast as expected. Other builders have land acquisition and construction loan they need to pay down, as well shareholders and Wall Street to please, so they will cut prices if they need to. TIC has no loans and no carrying costs and everything belongs to Bren, so they can take as long as they want to sell. They delayed OH for 7 years from 2007 to 2014 rather than sell cheap, no other developer could do that.Jcl725 said:Trojanman said:I?m just wondering what the price points are for those view lots. My guess around 2 mill???
And if they price the view lots wrong and don't get a big ramp in sales, I think the Reserve is in a world of trouble. There will be over 1000 homes in the Reserve so if they can't start moving units, the Reserve sales offices will be open for a long time. My guess for the view lots is $1.60 for plan 1 with a small lot, up to 1.85 for plan 3 with large lot.
https://www.irvinepacific.com/reserveatorchardhills/ravelloThe Height of the Reserve
As a valued member of our Reserve interest list, we are excited to introduce Irvine Pacific?s latest offering of grand home designs situated at the highest point of the Reserve in Orchard Hills. Ravello's expansive floorplans feature dramatic volume ceilings that soar upwards of 21 feet, private guest suites and prep kitchens. Tucked behind the gates, Ravello residents will enjoy access to family-friendly amenities and acclaimed Irvine Unified schools.
Single-Family Residences
Approx. 3,227-3,474 Sq. Ft. | 4-5 Bedrooms | 4.5-5.5 Baths
Goriot said:Is Ravello the biggest floor plan that IP have ever released? Never expected IP to go high as almost 3,500 sqft.
Looks nice though! But it's gonna be $$$$$$$$$