Banking on a growth in residential real estate in coming years, Lewis Investment Company and Van Daele Development said Monday they have purchased a 35-acre site in north Fontana to develop over the year.
The companies are planned to work with the city of Fontana to build 100 to 150 single-family homes that will be available for sale in 2012. The site, west of the Interstate 15 and north of Duncan Canyon Road, is planned to price the homes from the low $300,000 to mid $400,000 range.
Lewis Investment Company is a member of the Lewis Group of Companies, based in Upland. Van Daele Development is a private real estate development company. The seller was TC-Met Fontana, represented by Doug Jorritsma from Land Advisors in Irvine.