Some of you have asked about the Christensen Ranch townhome project on the corner of Antelope and Craig, wondering why construction has stopped, and have commented that the builder, Brenson Communities, has stopped paying their contractors.
Well, I contacted Brenson Communities and got ahold of a person who is intimate with this project, and received the following response...
We have slowed construction, not stopped it. With regards to not paying contractors, that statement is inaccurate. We have had some bank delays in funding, but we plan to have this resolved within the next few weeks. Our contractors are working with the project to move forward. We plan to complete the project to finished lots and wait the market out before any vertical construction takes place. Thank you.
It's kinda the same situation with the Audie Murphy Ranch project, they're building the pads, and waiting for the market to improve before any buildings go up.
Labels: Brenson-Communities, Christensen-Ranch