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Development Plans Announced for Delta Shores; M&H Realty Partners and SunCal Companies to Develop a Master-Planned Community at the Site.


SACRAMENTO, Calif. -- Owners of Delta Shores, one of the largest remaining parcels of land in the city of Sacramento, today announced plans to develop the site as a master-planned community, combining 650 acres of residential with 150 acres of freeway-oriented and neighborhood commercial. Irvine-based master-planned community developer SunCal Companies will develop the residential component of Delta Shores; M&H Realty realty n. a short form of "real estate." (See: real estate)


REALTY. An abstract of real, as distinguished from personalty. Realty relates to lands and tenements, rents or other hereditaments. Vide Real Property.
 Partners will develop the retail commercial portions.

"We're looking forward to collaborating with SunCal Companies to turn Delta Shores into one of the finest new communities in the region," said Peter Merlone, president and general partner of M&H Realty Partners. "The residential neighborhoods will provide a wide range of homes to meet the high market demand, and the commercial center will offer exciting new shopping opportunities and local jobs."

The two companies will jointly prepare and process plans for the project, located in the Freeport area of Sacramento along Interstate in·ter·state  
adj.
Involving, existing between, or connecting two or more states.

n.
One of a system of highways extending between the major cities of the 48 contiguous United States.

Noun 1.
 5.

"Together, SunCal and M&H join two of the leading residential and commercial developers in the West, which will result in a well-designed and successful community that will meet the needs of the entire Sacramento region," said SunCal Northern California Northern California, sometimes referred to as NorCal, is the northern portion of the U.S. state of California. The region contains the San Francisco Bay Area, the state capital, Sacramento; as well as the substantial natural beauty of the redwood forests, the northern  Division President Bill Myers. "We're excited to start turning our plans into reality."

About M&H Realty Partners

M&H Realty Partners operates throughout California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W).  and focuses primarily on the development and redevelopment of neighborhood and community shopping centers shopping center, a concentration of retail, service, and entertainment enterprises designed to serve the surrounding region. The modern shopping center differs from its antecedents—bazaars and marketplaces—in that the shops are usually amalgamated into . The firm has invested in excess of $1 billion since 1994 and has had ownership interests in more than 50 projects during that period. M&H projects in the Sacramento area have included Howe 'Bout Arden, University Mall University Mall is the name of one of several shopping malls in the United States:
  • University Mall (Tuscaloosa, Alabama)
  • University Mall (Little Rock, Arkansas)
  • University Mall (Pensacola, Florida)
  • University Mall (Tampa, Florida)
 in Davis and a variety of smaller supermarket-anchored retail projects. M&H also owns approximately 150 acres adjacent to the planned General Growth Properties General Growth Properties (NYSE: GGP) is a publicly traded real estate investment trust in the United States. It is based in Chicago, Illinois. History
The company was founded by two brothers, Martin and Matthew Bucksbaum, in 1954.
 regional mall in Elk Grove Elk Grove can refer to:
  • Elk Grove, California
  • Elk Grove Village, Illinois
  • Elk Grove, Wisconsin
.

About SunCal Companies

With more than 70 years of experience, SunCal Companies acquires, entitles and develops property for sale to leading residential and commercial builders. The company specializes in creating distinctive mixed-use and master-planned communities that emphasize quality of life and recreational opportunities, and currently has more than 100,000 residential units in various stages of development throughout California and Nevada. For more information on SunCal, visit www.SunCal.com.
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Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Nov 16, 2005
Words:368
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