After 24 years of planning and investing more than $250 million to create super levees, building a state-of-the-art school, securing water and sewer, establishing a government-owned low-cost electricity service, constructing the first river crossing in more than 50 years River Islands at Lathrop will finally see the first of 10,800 homes built.Escrow is expected to close at mid-month on a deal that will allow builders to construct 239 homes.And when the transactions are completed, the builders won’t have to go another six months or so before they can start pouring foundations. That’s because Cambay Group has done something fairly unusual in the development world. They aren’t selling paper lots.
Ready to build on the Island
Work on first of 10,800 homes may start by years end
