REDIII - SAGE CREEK DEVELOPMENT
INVESTOR UPDATE | DECEMBER 2025
Phase one of the Sage Creek development project is nearing completion with just a few remaining deliverables. The project team is working quickly to deliver the fully-improved lots to DR Horton at the beginning of next year.
EXECUTIVE SUMMARY
The Sage Creek development has achieved significant construction milestones over the past two months, with Phase 1 asphalt paving completed just ahead of winter weather. Infrastructure finalization is progressing on schedule, and lot leveling is underway to deliver build-ready pads to DR Horton. The project team has established a clear closing timeline with DR Horton targeting February 2026, while simultaneously advancing Phase 2 and 3 infrastructure to maintain construction momentum and maximize returns through an enhanced pricing strategy.
PROJECT ACTIVITIES
KEY ACCOMPLISHMENTS
  • Phase 1 Asphalt Complete: 100% paving completion achieved before temperature drop; curbs and road base installed ahead of schedule
  • DR Horton Engagement: Bi-weekly update cadence established; buyer confirmed "ready to close" approximately 15 days post-final approvals
  • Phase 2 Infrastructure Advancement: Sewer and water installation already progressing to maintain crew momentum from Phase 1
PRIMARY FOCUS AREAS
  • Final Infrastructure Completion: Coordinating sewer connection across Jackson's property to lift station and water line tie-ins
  • Lot Preparation: Leveling and grading operations to deliver flat, build-ready pads; rebalancing dirt distribution across Phase 1
  • Approval Timeline Management: Working toward final approvals for February Phase 1 closing target
  • Phase 2-3 Positioning: Advancing underground utilities to accelerate subsequent phases while implementing enhanced pricing strategy
MAJOR MILESTONES
  • January 2026: Target project completion with weather buffer incorporated into schedule
  • February 2026: Anticipated Phase 1 closing with DR Horton
  • Q1 2026: Phase 2 lot marketing launch
  • Ongoing: Preliminary approval progression for later phases tied to Phase 1 completion milestones
STRATEGIC DEVELOPMENTS
Enhanced Pricing Strategy
Phase 2 positioning targets lot sales exceeding $200,000 per lot, representing substantial improvement over Phase 1 pricing. The project team is evaluating sales to multiple smaller builders to maximize pricing potential and reduce buyer concentration risk.
Multi-Phase Momentum
Underground infrastructure work for Phases 2-3 is being advanced concurrently with Phase 1 finalization, allowing construction crews to transition seamlessly and maintain operational efficiency. This approach reduces mobilization costs and accelerates overall project delivery.
Risk Management
The schedule incorporates weather contingency through late January, and five Phase 1 lots within the floodplain have been strategically excluded from the initial DR Horton closing to prevent gating the primary transaction. Floodplain mitigation requirements for Phases 4-6 are being addressed proactively in the entitlement process.
LOOKING FORWARD
The Sage Creek project has successfully navigated critical construction milestones and is positioned for strategic value maximization through the February closing and enhanced Phase 2 pricing. The project team's proactive approach to multi-phase infrastructure development, combined with refined pricing strategy and diversified builder engagement, supports both near-term closing objectives and long-term return optimization. Continued focus on final approvals, lot preparation, and Phase 2 marketing will drive successful execution through Q1 2026.

This update reflects project status as of December 2025. For specific questions or additional information, please contact the project management team.
Project Photos