Following the successful sale of 63 fully developed residential lots in Heritage Village Phase 1 for just over $5.53 million, we are now continuing work on Heritage Village Phase 2.
Phase 1 consisted of fully developed and platted residential lots that were delivered to a homebuilder after the completion of horizontal development.
We are currently working through the next phase of the project and identifying backup buyers for the lots as we finalize preparations for the next stage. Once that process is complete, we plan to move forward with development.
Projects like Heritage Village are a good example of how we deliver finished residential lots to homebuilders, allowing them to bring new homes to market and increase housing supply in growing communities.
Our goal is to develop high-quality real estate assets that contribute to housing supply while creating opportunities for income and long-term growth for investors in the Arabella Real Estate Fund.
