Presidio Residential Capital to Break Ground on New Community in California

August 12, 2015 12:00 pm

World Construction Network

Presidio Residential Capital and Lafferty Communities are set to break ground on a new community on Orchard Avenue in Napa, California.

Lafferty Construction Company will serve as the general contractor of the project, which has a retail value of over $21.8m. Presidio has committed $11.6m for the project.

Dubbed Brioso, the new community will be spread out on 7.19 acres and will consist of 18 units.

The property will offer various home plans with elevations such as Tuscan and Napa Rustic on large lots having a median size of 13,466 square feet.

The property’s single-storey homes will feature private wine tasting rooms, vaulted ceilings as well as spa-style master bathrooms.

The community is expected to be opened in the middle of next year.

Lafferty Communities president and CEO Rick Lafferty said: “Brioso is located in the famous Napa Valley and consists of large lots and 100 percent value-add single-story designs.

“Adjacent to beautiful vineyards and nestled beneath the Mayacamas Mountains, the project offers a unique setting within the world-renowned Napa/Sonoma wine region. The project adds to a growing portfolio of Presidio’s quality assets with Lafferty Communities.”

See the original article at World Construction Network.