We are pleased to announce that the residents in City of Chino have shown their support for Ivy Garden, a 107-unit senior condominium complex, which is part of our CGM The Golden Palms mixed-use project, with wide-margin votes in favor of this development. The strong support for the senior condominium project confirmed our market study that this type of high quality, but reasonably priced, for-sale senior housing is in demand in the area. This Phase 3 development was successfully completed in December 2008, with units starting at a price of $248,000.
CGM broke ground on another new development of a state of the art medical / professional office building in West Covina in May 2007. After just one year later, we are proud to announce that our project has been completed. With the
ever-increasing demand to own their own medical office, Doctors will be delighted to know that they will once again have an opportunity to purchase these brand new units.
Following the success of our Nogales Plaza in West Covina and the increasing demand for office condominiums, CGM plans to develop Brea Canyon Business Center, a boutique 11-unit, 22,000 square foot professional office Condominium in the City of Diamond Bar. Ground breaking is expected to be in July 2013 with an anticipated completion date in April 2014.
CGM Development is proud to announce our newest office condo project located at 660 North Diamond Bar boulevard, Diamond Bar, CA 91765. The existing office building will underwent a total renovation for both the exterior and interior. The building will feature a Brand New lobby with Elevator, new staircase, lobby and restrooms. Expected completion is January 2014.
As of today, 680 Brea Canyon Business Center is 45% pre-sold. The market shows strong demand for office condos in the San Gabriel Valley and its vicinity.
To celebrate the season of joy, CGM Development will be hosting its annual Christmas Party this year on Saturday, December 21st.
What I love the most about my job as the marketing and sales director here at CGM Development is seeing the joy of our clients when they move into their new office.
We wanted to share some good news regarding the brand new Brea Canyon Business Center. The building is almost complete and looks great. We look forward to you becoming a part of what will be a modern, thriving business center.