Sacramento Wants to Carve Regional Park Out of M&H Developnment


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(Sacramento, CA)
Monday, March 14, 2005

City officials want create a park on approximately 100 acres of a large undeveloped tract recently purchased by M&H Realty Partners. M&H paid $100 million for what the 800-acre site. They’re calling their project Delta Shores, and the price tag is the most ever paid for a single piece of land in Sacramento.

New homes for at least 18,000 people will be built there. The developers would already have to surrender some acreage for small neighborhood parks … the regional park would be extra. South Sacramento has no regional park as yet, and Delta Shore is the largest undeveloped parcel of land remaining.  Some hard bargaining is likely, but with the relatively low purchase price of $125,000 an acre, officials believe M&H can still make a profit. San Francisco-based M&H also owns the Howe ‘Bout Arden retail center.