New homes in Northern California (Bay Area) and Nevada (Reno, Tahoe and Truckee)

Over the past 28 years, the principals and key staff members of Silverwing Development have participated as principals, advisors, construction and/or project managers in the acquisition, financing, development and sale of commercial and residential projects valued in excess of $4.9 billion.

Developed / acquired 1011 units of multifamily
Land entitlement / development projects of over 1,940 acres for mixed use in CA, NV and TX
Development / financing of six major CBD office and mixed use projects
Residential development of 46 subdivisions in CA and NV including SFD, TH and condo conversions

Recent Multifamily Developments:

The Waterford, Reno, NV, 240 units: Apartments acquired as investment property on behalf of SWD and a private equity group under the Western States Multifamily Investment Program.
Sky Vista Commons, Reno, NV, 282 units: Apartment (recently converted to condominiums), developed by SWD in 2001, $34,000,000.
Virginia Lake Apts, Reno, NV, 221 units: Rental property consisting of apartments and townhomes acquired by SWD in 2005 as a redevelopment opportunity, $63,000,000 (estimated redevelopment value).

Land Development Completed:

Silveron, Flower Mound (Dallas), TX, 365 acres for mixed-use commercial. Sold to owner/users/investors at undisclosed prices between 2004-2007.
Portofino, Vacaville, CA, 18 acres (entitled 178 housing units), 2006, sold to public builder upon entitlement for $28,000,000.
Siena, Fairfield, CA, 16 acres (entitled 148 housing units), 2004, sold to public builder upon entitlement for $20,200,000.
Hidden Meadows, Fairfield, CA, 45 acres (entitled 157 housing units), 2003, sold to public builder upon entitlement for $15,700,000.
Sky Vista-Reno, NV, 600 acres, (1822 housing units and 25 acres of commercial), 1995, projected land sales are expected to total in excess of $100,000,000.
216 Sutter Bay, Sutter County, CA, 216 acres, entitlements processed in 1995, land conveyed to third party in 1998.
Prairie Oaks, Folsom, CA, 430 acres (1372 lot land development), 1994, total build out estimated at $205,800,000. Sold to joint venture partner.
Suisun City, CA Redevelopment-master developer, 250 acres of mix use (200,000 SF retail, 250 housing units), 1991, estimated build out $86,000,000. Conveyed by City of Suisun to third party builders.

Residential Developments Completed:

Concordia, Concord, CA, 10 units, 2009, $4,100,000
Ponderosa Meadows, Truckee, CA, 19 units, 2009 11,000,000
Grand Summit, Reno, NV, 79, 2009, $24,000,000
Cottages, Reno, NV, 109, 2009, $21,000,000
Oak Court Townhouses, Walnut Creek, CA, 20 units, 2009, $12,000,000 (estimated)
Ventana Ridge Condominiums, Castro Valley, CA, 33 units, 2006, $13,000,000
University Ridge, Reno, NV, 50 units, 2006, $12,700,000
Bear Creek, Reno, NV, 28 units, 2005, $14,700,000
The Villas at Sky Vista, Reno, NV, 114 duets and 12 SF units, 2005, $17,000,000
Edgewater, Fairfield, CA, 104 duet units, 2005, $21,200,000
Hampton Park, Vacaville, CA, 90 units, 2005, $23,850,000
Belmont Glen II, Belmont, CA, 3 units, 2005, $3,600,000
Canyon Court, Castro Valley, CA, 11 units, 2003, $6,000,000
Kennedy Park Place, San Lorenzo,CA, 15 units, 2003, $5,500,000
Countrywood, Vacaville, CA, 48 units, 2002, $12,000,000
Legacy Court, Napa, CA, 14 units, 2002, $4,200,000
Liberty Ranch, Napa, CA, 18 units, 2001, $5,200,000
Countryside, Vacaville, CA, 62 units, 2000, $15,500,000
West Ridge Estates, Castro Valley, CA, 11 units, 2000, $5,600,000
Belmont Glen, Belmont, CA, 6 units, 2000, $5,500,000
Big Ranch Estates, Napa, CA, 9 units, 2000, $4,500,000
Creekside Meadow, Fairfield, CA, 91 units, 1999, $18,650,000
Milano, Martinez, CA, 13 units, 1999, $4,300,000
Signorelli Vineyard, St. Helena, CA, 40 units, 1997, $12,500,000
Cameron Meadows, Fremont, CA, 18 units, 1997, $9,000,000 (entitled and sold to builder)
Stonegate II, Elk Grove, CA, 36 units, 1997, $5,200,000
Diablo Hills, Antioch, CA, 177 units, 1996, $33,200,000
Las Palmas, Rocklin, CA, 114 units, 1996, $19,300,000
Las Brisas, Elk Grove, CA, 118 units, 1996, $18,700,000
Silver Springs, Modesto, CA, 90 units, 1996, $15,500,000
Stonegate I, Elk Grove, CA, 97 units, 1996, $14,000,000
Canyon Creek, Pleasanton, CA, 40 units, 1996, $12,500,000
Vistara, Fairfield, CA, 67 units (attached), 1995, $13,000,000
Saddlebrook Estates, Fairfield, CA, 101 units, 1991, $29,000,000
Creekside Meadow, Vacaville, CA, 92 units, 1990, $14,400,000
Harvest Meadow, Vacaville, CA, 118 units, 1988, $15,200,000

Current:

Virginia Lake Condominiums and Townhouses, Reno, NV, 221 units, $63,000,000 (estimated)
Bear Creek II, Reno, NV, 10 units, $5,300,000 (estimated)

Commercial Projects Completed:

Arco Center, Long Beach, CA, 436,000 twin towers-sold 1986, $63,000,000.
1600 Market Street, Philadelphia, PA, 40 story high-rise office, 1984, $160,000,000.
Mariners Center, San Mateo, CA, 2-3 story suburban office buildings, 1984, $17,000,000.
One Commerce Square, Memphis, TN, 32 story high-rise office, 1983, $46,000,000.
Woodgrove Festival Center, Woodridge, IL, 230,000 sq.ft. retail, $21,000,000.
The Marketplace, Rockford, IL, 220,000 sq.ft., $11,555,000.

Residential Development Assignments:

Gardenstone, Merced, CA, 54 finished lots and 9 inventory homes, 2010, Bank of America OREO ($2.7 MM)
Shadow Ridge, Reno, NV. 126 tentative mapped lots, 2010, Bank of America OREO ($1.25 MM)
Elmhurst Terrace-33 home infill development, Sacramento, CA partially completed, Mechanics Bank
Agoura Hills land development-economic viability analysis, VEF (OREO Property Partners)
Legato, master planned golf course community in Northern Nevada, undertook market feasibility study of bank owned asset purchase of 200+ mapped lots, 200 finished lots which included bonding, construction (horizontal and vertical), entitlements, market cash flow and economic modeling.

Commercial Projects Completed:

Dunes Resort and Casino (Bellagio) Bankruptcy Workout, Las Vegas, NV, 2000 room casino, 1986, $135,000,000
Bank of America Regional Headquarters, San Diego, CA, 1984, $45,500,000
California Federal Operations Center, Rosemead, CA, 1983, $45,800,000
Great American Federal Operations Center, National City, CA, 1983, $38,600,000
Cox Communications Headquarters, Atlanta, GA, 1983, $26,500,000
Security Pacific Bank Operations Center, Claremont, CA, 1982, $100,000,000
Kaneb Headquarters, Houston, TX, 1982, $55,000,000
92,000 square foot neighborhood shopping center, Page. AZ
86,000 square foot office complex, Orinda, CA
72,000 square foot office building, Berkeley, CA
44,000 square foot office building, Oakland, CA
28,000 square feet office building, Concord, CA
22,000 square foot R & D Building, San Jose, CA