51.5 F
Laguna Hills
Thursday, Mar 28, 2024
-Advertisement-

RSI Communities Buys Riverside Site

Newport Beach-based homebuilder RSI Communities said it bought a 228-acre site in the Riverside County city of Beaumont, where it plans to build a 981-home development called Olivewood. Terms of the buy were undisclosed.

RSI, which makes precision-manufactured houses that can be assembled faster and more efficiently than through traditional methods, said it plans to break ground on the project this year and have homes available for sale early next year. The price range will be from the high $200,000s to nearly $400,000.

RSI Communities said it should have more than 30 actively selling communities by the end of the year and own or control 7,000 lots throughout California and Texas.

The homebuilder operates under the umbrella of RSI Holdings, which is led by Ron Simon, who made a fortune in cabinet making and carried the principles of precision manufacturing applied there to homebuilding.

—Mark Mueller

Want more from the best local business newspaper in the country?

Sign-up for our FREE Daily eNews update to get the latest Orange County news delivered right to your inbox!

Previous article
Next article
-Advertisement-

Featured Articles

-Advertisement-
-Advertisement-
-Advertisement-
-Advertisement-

Related Articles

-Advertisement-
-Advertisement-