Bay Area Real Estate Development

Developer Picks Up 48 Single-Family Lots in Merced

According to Builder Online, K. Hovnanian Homes has picked up 48 single-family lots for development in Merced. The lots are located within the Bellevue Ranch master plan.

The property is called Reverie and it is one of the few ongoing developments in the region. The city has seen an increase in job and education opportunities recently, and this development could provide housing for new residents.

Reverie will be within walking distance of the University of California, Merced. Enrollment numbers at the university have increased by approximately 400 students over the past year, and the influx has brought on an expansion plan that could double the campus square footage in just five years.

No details yet on home prices, amenities, or timelines

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