Phase I Update
The good news for California is the state received significant above-average rainfall this winter. Regretfully, the additional rain caused a temporary construction weather delay. Based on the excessive rain, CED was limited to the amount of new on-site construction work which could be completed. The weather is expected to clear up in April, and at that time CED plans to continue on-site work. Vertical construction is rescheduled for May.
Phase II Receives City Council Approval
On March 5, 2019, CED and Al Rattan presented Phase II to the Moreno Valley City Council. Phase II received 100 percent City Council approval. During the meeting, they asked Al when CED will submit its plans for the anticipated Phase III Retail Phase. From all reports by the Mayor of Moreno Valley, the community is very supportive and eager for the retail portion of the project. Al reported that CED could submit Phase III as early as May 2019.
To learn more about Continental Villages, visit Continental East – Fund III, LLC.