Irvine, CA (PressExposure) July 30, 2013 -- MondayOne, a leading developer of retail and multifamily real estate projects, announced that it has met with city officials in Watford City, N.D. to move forward with plans for a new residential real estate development that would supply much needed housing in the booming community.
"The Pheasant Ridge town home community will provide much needed residences for the workers powering the North Dakota oil exploration industry," said MondayOne President Kenny Dewan. "We anticipate strong demand and a very high occupancy rate from the property."
The 105-unit Pheasant Ridge town home community will feature homes with three bedrooms and three bathrooms with an attached garage. Construction is expected to commence in the late summer with the first move-ins expected by the end of the year.
The development will take place in two phases with 45 town homes built this year and the remaining 60 completed in 2014.
"This is a great opportunity to develop a project that should provide strong cash flow opportunities and return on investment," Dewan said. "We are expecting to lease these town homes directly to the oil development companies for employee and contractor housing."
For more information about the Pheasant Ridge town home development by MondayOne, please check out the website atwww.mondayone.com
MondayOne is a leading diversified real estate developer based in Irvine, Calif. with a solid reputation for integrity, innovation, and community involvement. Over the last decade, Monday One and its partners have acquired, planned and developed numerous successful retail, hospitality and multifamily properties.
More details about MondayOne and its portfolio of real estate development projects can be found on its website at http://www.mondayone.com