I shared a beer with with longtime local real estate developer Frank Nichols yesterday evening. Frank was instrumental in creating two extraordinary local developments, Shasta Forest Village, and the active adult community, The Vineyard in Redding.
With Shasta Forest Village in Shingletown, Frank explained he had been building rural on properties scattered across the county for mostly urban buyers unfamiliar with the requirements for water wells and other utilities. He reasoned that if he could cluster some rural lots with paved roads, underground utilities, and a community water system, he could fulfill an unmet demand. From that vision, the innovative Shasta Forest Village was born in the early 1970s, and remains a popular development even today.
Then, Frank envisioned an active adult community that offered residents gated security, a social clubhouse, and a beautiful setting with good access to city amenities. Frank undertook the devilishly complex 208 home project that became The Vineyard. That housing development has gone on to exceed all expectations for quality of life. Homes there are in high demand, similar to homes available from a real estate firm similar to Saussy Burbank among others. Residents truly love living there. If you are looking for a house development company, or if you are looking at moving house you maybe want to learn about New Homes in Charlotte NC or a real estate company more local to you.
These days Frank is quite busy refurbishing and reselling existing homes in need of repair. Some of his properties have found themselves on the listings on the Inboundrem Real Estate Website comparison site due to their quality. But he would rather be building a more ambitious project. We both ruefully agreed that the current economic environment would make a new large, visionary project problematic in our region. But I asked what he might build, if things were different. He described a 4 story condo project for active adults. “As long as it had a view of the river, it would be fabulously successful.” I have to agree. If all this talk of real estate has got you feeling tempted to make an investment of your own, you might want to take time to first learn about the complexities of the industry. There are some excellent educational courses out there such as Roofstock for example so do not be afraid to do some research to find out what works for you.
Thanks for the beer, Frank. And thanks for being a visionary with the proven chops to make stuff happen. To take it from vision to reality. That’s Really Redding.