Expansive Multifamily Project in the I.E. Aims for 15,000 Homes

Silverwood – that’s the title for a new, expansive and master-planned project in Hesperia, Calif. Expansive? Definitely. Per a recent news release:

Located in California’s Inland Empire and entitled for more than 15,000 homes, the 9,000+ acre community is expected to bring more than $7 billion in capital to the region including infrastructure investments during the next 25 years of development.

The planned homes are targeted for reasonable price points for homeowners, with $300,000 referenced in the release. The first phase under construction from DMB Development will include more than 2,000 detached homes, with a target opening date of early 2024.

The 700,000 square feet of planned retail and commercial space includes “a library, post office, fire stations, public schools and walkable, well-planned town squares with stores” – as well as 4,900 acres of open space is planned and will include parks, amphitheaters and 167 miles of trails. 

Schlegel Capital’s involvement in Silverwood includes the operation of several private-equity operating companies, representing the Schlegel family.