By Julie Lynem — email@example.com
With a local builder in place, Serra Meadows, the residential neighborhood to be built on Prado Road east of Higuera Street in San Luis Obispo, will be under construction in the spring.
Model homes are expected to be available for viewing early next year.
Mangano Homes is now building the neighborhood, after MD2 of Camarillo and Los Angeles-based Resmark Land and Housing, an equity investment capital and asset management firm, decided to end their partnership.
In a statement, Mike Zarola, Resmark’s senior vice president of project management, said MD2 “moved the community forward through a number of significant hurdles and that the agreement with MD2 Homes was ended by mutual agreement.”