Jerico Development, Inc.    Est. 1984
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Oak Valley Plan
Oak-valley-plan
Oak Valley Plan

DESCRIPTION

“Oak Valley” is a 6,741-acre active development project in Riverside County, California. The Southern California Section of the PGA has constructed 36-holes of championship gold on 500 acres.

An additional 18 hole championship golf course, the “Oak Valley Golf Club”, adds value to this 15,000 unit master-planned development with 5 miles of frontage and 4 diamond interchanges on Interstate 10. Approximately 6,000 homes have been built on the project to date. This asset was purchased in an FDIC “sealed bid” sale. A mixed-use 275 acre “Town Center” project within the Oak Valley master plan includes 1,000 units of high density residential and 1.8 million square foot retail project currently in development in a Joint Venture with Forest City Enterprises of Cleveland, Ohio.

The Victory Group provided development services and acquisition capital through the purchase of the debt on the property from the FDIC. The property is now almost completely developed through the sale of the entailed residential units to various national merchant builders, including Sun Cal, St Clair, Dell Web, Pardee Homes, among others.