Timberland and Tiburon Associates

T & T acquired the 794 acre mixed-use development in 1982. They supervised the completion of all the necessary engineering plans and environmental reports needed to obtain all the approvals and permits from the related governmental agencies. A final master-planned development for 2,890 residential units, two golf courses and approx. 800,000 sq.ft. of retail & commercial space was approved in 1989. Up to date total project costs exceeded the amount of $20,000,000 and an additional estimated amount of $10,000,000 was required to complete the construction of the infrastructure, which commenced in the 1st quarter of 1997. The Property was divested in three phases in 1998-99.