Scottsdale, Arizona-based DMB Development has announced the details of its upcoming Inland Empire master-planned community, Tapestry, set to break ground on its first development phase in July.
The Hesperia, California, community is entitled for more than 15,664 homes and 700,000 square feet of retail and commercial space across 9,366 acres, and is expected to draw in more than $7 billion in capital investment over the lifetime of the project.
“As one of the largest new communities developed in Southern California in many years, Tapestry will eventually grow to reach the population of a small city,” says Brent Herrington, president and CEO of DMB Development, the master developer for Tapestry. “We take great pride in the opportunity to develop a new community in such a spectacular setting, and we’re approaching this with a deep sense of reverence and environmental responsibility. Our goal is to create a strong, active, and caring community that treasures the natural beauty of this area.”
The site is situated at an elevation of 3,200 feet in the Mojave River Valley, and features view of the Angeles and San Bernardino national forests. Over half of the total site has been reserved as parks and natural open space. DMB plans to add a large number of home builders to the project.
“Tapestry will create the opportunity for thousands of families to live in a gorgeous mountain setting with endless opportunities for outdoor recreation, all within a reasonable commute to San Bernardino, Riverside, Ontario, and other existing employment hubs,” says John Ohanian, who led the project’s planning and entitlement and joined DMB as its general manager. “We expect continued economic growth and employment opportunities in Hesperia, Victorville, and other nearby locations, leading to a nice balance of jobs and housing for the entire area.”