EQUESTRIAN HOMES IN WORKS IN AGUA DULCE; SUBDIVISION'S 56 UNITS TO BE BUILT ON TWO-ACRE LOTS.Byline: Teresa Jimenez Daily News Staff Writer A developer plans to break ground this spring on an equestrian equestrian a rider of horses. community that eventually will have 56 semi-custom homes. Roger Werbel of the Werbco development company bought the bank-owned property three years ago and waited for the economy to improve before beginning work, said George Smith George Smith may refer to: U.S. politics
Previous builders had graded the land for house pads and installed streets before going bankrupt BANKRUPT. A person who has done, or suffered some act to be done, which is by law declared an act of bankruptcy; in such case he may be declared a bankrupt. 2. It is proper to notice that there is much difference between a bankrupt and an insolvent. , said Smith, a mortgage banker Mortgage Banker A company, individual or institution that originates, sells and services mortgage loans. Notes: Don't confuse a mortgage banker with a mortgage broker. . ``(Werbel) bought the subdivision already finished,'' Smith said. ``He bought it and just sat on it. He was waiting for the economy to catch up with the area, which it has.'' The homes will be built 12 miles east of Santa Clarita Santa Clarita, city (1990 pop. 110,642), Los Angeles co., S Calif., suburb 30 mi (48 km) NW of downtown Los Angeles, on the Santa Clara River; inc. 1987. Situated in the Santa Clara valley and nearby canyons, Santa Clarita includes the former towns of Canyon Country, off the Antelope Valley Freeway The Antelope Valley Freeway is a freeway in Los Angeles and Kern counties in southern California. It is signed as California State Highway 14 along its length. It connects Greater Los Angeles to the rapidly developing Antelope Valley. . They will sit on at least two-acre lots and sell in the $330,000 to $410,000 range, not including custom upgrades. Buyers will be able to pick out special features that could include a ``granny'' unit or library. The houses will range in size from 2,800 to 3,500 square feet, Smith said. Werbel plans to market the homes to people who work in the movie industry, as well as others who work at Santa Clarita-area companies. ``On Metrolink, it's only 25 to 30 minutes to get to Glendale,'' Smith said. ``His base is people who want the same kind of home they could get in Valencia, except on two-acre lots in an equestrian area for the same price.'' |
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