Nine Mile Hill Development
Together with longtime business partners Richard Bren and Martin Burke, Sierra Dorado, Inc. (SDI) real estate development, private equity and advisory investment group has a Representation Agreement with the owner of this magnificent 3,320 acre property located in Northern California on Interstate I-5 between Redding and Red Bluff. On behalf of the landowner SDI has exclusive rights to identify and negotiate a Purchase and Sale Agreement with qualified Active Adult Community developers. The project has an approved master plan and vested Tentative Map for a total of 3,700 homes that includes an Active Adult Community consisting of 3,450 units and 250 traditional homes. More than 1,400 acres of Oak Tree lined rolling hills with dramatic views of Mt. Shasta and Mt. Lassen will be permanently preserved and protected as Open Space.
The property has a Specific Plan and a fully approved Development Agreement with the County of Tehama, allowing for a total of 967 acres of residential development, an 18-hole golf course, a 12-acre recreation center, approximately 67-acres of mixed-use/commercial development (including 8-acres for medical facilities). A substantial amount of undeveloped and Oak Tree covered Open Space (42% coverage) has been allocated along with the associated public facilities and infrastructure necessary to serve the site, including building structures for fire and emergency services, as well as sewer, water, and drainage facilities.
Sierra Dorado Industrial Park
With partners, Jim Kieckhafer and Jeff Mackinen, Towne Development Group, LLC closed escrow on December 23, 2020 and acquired the 155-acre Sierra Dorado Industrial Park site. The master-planned project is located in Reno between I-580 and South Virginia Street (Highway 395), just south of Mt. Rose Highway (SR 431).
The site includes the home of the Ormat Technologies’ geothermal electricity-generating facility, which occupies twenty-five acres of the land. About half the project will be set aside as open space to preserve the endangered Steamboat Buckwheat flora species. The balance of the property will consist of a forty-five acre industrial park and a thirty acre mini-warehouse and an RV/boat storage facility.