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Development company DMB.(inbrief)(Brief article)
Development company DMB Associates announced in May it was dropping a plan to build a 6,800-unit new town in San Benito County. A few days after the announcement, the Arizona-based developer said it had formed a partnership with Cargill to build 12,000 housing units on old San Francisco Bay salt ponds in Redwood City.
The proposed new town in Rancho San Benito would have accommodated about 20,000 people on 11,000 acres of agricultural land and pastures just south of the Santa Clara County border (see CP&DR Local Watch, February 2007). DMB cited the poor national economy as the reason for dropping the project. The company still owns more than 5,000 acres and has options ...
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Source: HighBeam Research, Development company DMB.(inbrief)(Brief article)