Published on Sunday, July 27, 2008
By Joseph Ascenzi jascenzi@thebizpress.com
A newly formed subsidiary of an Irvine land brokerage firm has agreed to help entitle a site in Riverside County for a proposed master planned community. TBJ Menifee LLC intends to build Fleming Ranch next to Interstate 215 in Menifee, said Damon Gascon, president of the recently formed Park Place Partners Development Solutions Inc.
The agreement between TBJ Menifee and Park Place Partners Development Solutions was announced July 17.
TBJ Menifee holds an option to buy the Fleming Ranch site for an undisclosed sum from the Fleming Family Limited Partnership in Encino, but it won't make that purchase until the property has been prepared for development, Gascon said.
Fleming Ranch will be a mixed-use master planned community. It will include an estimated 1,500 residential units, a middle school and perhaps a neighborhood retail center, Gascon said.
Plans call for it to be built on 325 acres between Ethanac Road and McCall Boulevard
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