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Havasu Riviera up date

Looking Glass

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This whole project started too late. Won’t get off the ground at all
I can not believe that the "Place" up river that Stacy has listed has not sold. Plenty of room, no neighbors, private ramp, landscaped and move In ready. That stretch of River is great. When comparing Pros and Cons this home is IMO The Deal. The Rivera is going to be a Construction Zone for years and some time before the relaxing great neighborhood that I am sure it will become.
 

Joker

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I can not believe that the "Place" up river that Stacy has listed has not sold. Plenty of room, no neighbors, private ramp, landscaped and move In ready. That stretch of River is great. When comparing Pros and Cons this home is IMO The Deal. The Rivera is going to be a Construction Zone for years and some time before the relaxing great neighborhood that I am sure it will become.
I’d look at buying on the river but dealing with insects making it miserable to be outside at night is a turn off. Same reason we passed on Los Lagos.
 

hallett21

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I’d look at buying on the river but dealing with insects making it miserable to be outside at night is a turn off. Same reason we passed on Los Lagos.
Aw man really? Even water front they are bad?


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Racer56

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The Marina View neighborhood in the Riviera has all utilities and infrastructure installed and all lot's are build ready. There are a few houses already in plan check and you will see those break ground in the next month or so. My plans are at the structural engineer and I should be submitting to the city the end of this month with the goal of breaking ground in mid December.

The Marina grading is complete and they are installing all of the utilities as we speak. I would expect the paving of the marina to be complete in the next three months, which would allow the use of the launch ramps that are already in place.

The next neighborhood Wren Cove is finished graded and will be coming up for sale shortly. It will be a more affordable neighborhood and will not cost nearly as much to build as the 2 level lot's in the Marina View neighborhood.

The third neighborhood grading has already started and will come on the market sometime next year.
 

RiverDave

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Is the launch ramp finished are The slips out floating
launch ramp has been done for over a year.. I have no idea when the slips will be floating. Craig Reynolds was originally going to do the marina but he pulled out of the project.
 

RiverDave

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Was really into it. Went and met the nicest people ... Looked at Marina View , but didn’t like the up /down home layout ... looked at Wren Cove ... very nice ... but by the time u are done building , pool , hard scrape etc ...it’s $1.5 ... minimum ... maybe less if ur in the biz ... thought about living with the construction going on for the next 10 years ... geez ... love the place and smoking views ... but at $1.5 ... IMHO about $300K high for the Havasu market ... could be a very long time to break on a resale ... but when done ... it will be the place to be ... drive ur golf cart down to the restaurant and bar ... so many cool things . I’ll probably look back 5 years from now and say “ dang ... maybe we shoulda done it 🍹”.
Im kicking myself m.. when I worked there, the initial lot values were 140k! And they were willing to sell builder packs for that.. Then they were 230 shortly their after.. then they got the appraisal and holy shitballs..

RD
 

Racer56

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Im kicking myself m.. when I worked there, the initial lot values were 140k! And they were willing to sell builder packs for that.. Then they were 230 shortly their after.. then they got the appraisal and holy shitballs..

RD
Had you bought some lot's at 140K you would had a brand new baller pontoon for free with plenty of coin leftover!🤔
 

Havasu blue label

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The package that I had seen was 1 parcel 8 lots 1.2 for that block let’s get building what builder is building your home
 

franky

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Sounds like the Golden Shores deal around 2008.Big money for dirt and a project that died at this level
Im kicking myself m.. when I worked there, the initial lot values were 140k! And they were willing to sell builder packs for that.. Then they were 230 shortly their after.. then they got the appraisal and holy shitballs..

RD
Dave, why don’t you work there any more?
 

stephenkatsea

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part of the concession, I’m not sure how the profits are divided up
Saw a prior post which stated a purchased annual State Launch Permit would get you through the gate, but you'd still have to pay an additional fee to launch at that ramp on State land. WTF? Is there any way you could responsibly offer a final reply to this often questioned situation.
 
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BSP14

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Here’s the short version of the financial agreement as reported in the Havasu News Herald in November, 2019:

The state park is being developed and run by Havasu Riviera Marina, LLC., which is a partnership of Desert Land Group and Komick Enterprises. They will receive more than 90% of the state park’s profit for the next 38 years, amounting to an estimated total of $13 million being returned to the state by 2057, before the state will take full ownership of the park land.

When asked if the Arizona State Parks annual passes will be accepted for use at Havasu Riviera, Jim Komick of Komick Enterprises said he “would prefer not to comment,” and added that they “believe it’s been decided.”


Link to full article from November, 2019, updated on January 31, 2020:

The very short version is, “tax payers get screwed (again), developers pocket big profits...”

IMO
 

stephenkatsea

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Here’s the short version of the financial agreement as reported in the Havasu News Herald in November, 2019:

The state park is being developed and run by Havasu Riviera Marina, LLC., which is a partnership of Desert Land Group and Komick Enterprises. They will receive more than 90% of the state park’s profit for the next 38 years, amounting to an estimated total of $13 million being returned to the state by 2057, before the state will take full ownership of the park land.

When asked if the Arizona State Parks annual passes will be accepted for use at Havasu Riviera, Jim Komick of Komick Enterprises said he “would prefer not to comment,” and added that they “believe it’s been decided.”


Link to full article from November, 2019, updated on January 31, 2020:

The very short version is, “tax payers get screwed (again), developers pocket big profits...”

IMO
Assume Jim Komick is a major corporate officer in Komick Enterprises. Yet, when questioned about previously purchased AZ State Launch permits he’d “prefer not to answer”, although he “believes it’s been decided”. Ya, that sounds like a squared away multi million dollar operation. ??? Isn’t that another way of saying I Don’t Know?
 
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RiverDave

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Dave, why don’t you work there any more?
Someone went to Jim Komick and told him that I had claimed I was the only person that could sell property in the riviera.. whole thing was bizarre? Pretty obvious I wouldn’t say that as when I was working there I worked for Trent, Luke, and about five other guys that had RE licenses... that and I was actually hired as a buying agent anyways not a listing agent..

Anyhow Luke and Michael called me into the office to talk about it and it just wasn’t worth having the conversation so we parted ways on good terms.

worked out well for me in the long run. ;)
 

franky

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Someone went to Jim Komick and told him that I had claimed I was the only person that could sell property in the riviera.. whole thing was bizarre? Pretty obvious I wouldn’t say that as when I was working there I worked for Trent, Luke, and about five other guys that had RE licenses... that and I was actually hired as a buying agent anyways not a listing agent..

Anyhow Luke and Michael called me into the office to talk about it and it just wasn’t worth having the conversation so we parted ways on good terms.

worked out well for me in the long run. ;)
Hmmm. Didn't Luke leave and then came back?
 

Singleton

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Here’s the short version of the financial agreement as reported in the Havasu News Herald in November, 2019:

The state park is being developed and run by Havasu Riviera Marina, LLC., which is a partnership of Desert Land Group and Komick Enterprises. They will receive more than 90% of the state park’s profit for the next 38 years, amounting to an estimated total of $13 million being returned to the state by 2057, before the state will take full ownership of the park land.

When asked if the Arizona State Parks annual passes will be accepted for use at Havasu Riviera, Jim Komick of Komick Enterprises said he “would prefer not to comment,” and added that they “believe it’s been decided.”


Link to full article from November, 2019, updated on January 31, 2020:

The very short version is, “tax payers get screwed (again), developers pocket big profits...”

IMO
I still can’t figure out why the developer did not make an effort to get the launch ramp open and get some revenue coming in. I am never one to delay revenue
 

JFMFG

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What’s the over under on the ramp being open this season? 😂
 
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DUNEFLYER

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I have not been by in a while, any homes start trenching yet?
 

DUNEFLYER

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Well thats a start for sure..

I was there this weekend and saw them forming the footings for an RV garage on one lot.


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Ziggy

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Well thats a start for sure..
Gonna be a lonely place for a few years until it slowly builds out....but a great place for a raging party....... except for the construction nails in all the guests' tires. I wouldn't recommend RD let Stacy take her car with the tire/nail luck they've had lately.😁
Glad to hear there is progress but also sad to have the added congestion in town😏
 

Hammer

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If the economy tanks due to the election/COVID, a lot of people will be sitting on deprecated dirt that they can’t afford to build on.

I hope that isn’t the case. I’d like to see that place finished.


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Singleton

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What’s the over under on the ramp being open this season? 😂
Their 2 weeks is worse then RiverDave. When Dave says 2 weeks it is at least done in 2 months.

We are pushing 2 years since ramp was pushed into water and IMO it will be 2022 before the boat uses it
 

LargeOrangeFont

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Gonna be a lonely place for a few years until it slowly builds out....but a great place for a raging party....... except for the construction nails in all the guests' tires. I wouldn't recommend RD let Stacy take her car with the tire/nail luck they've had lately.😁
Glad to hear there is progress but also sad to have the added congestion in town😏
Dave just got her some new Tweels. No more problems and they were installed 30 seconds after he got there!

I think if you buy a lot in the Riviera you get a free set!

Capture.JPG
 
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RiverDave

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Dave just got her some new Tweels. No more problems and they were installed 30 seconds after he got there!

I think if you buy a lot in the Riviera you get a free set!

View attachment 958529
While they may not be sexy.. they are functional as hell! No more worrying about police spike strips either!
 

pronstar

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While they may not be sexy.. they are functional as hell! No more worrying about police spike strips either!
True.

They also ride like garbage and get extremely squarely at highway speeds.


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DLC

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I was there this weekend and saw them forming the footings for an RV garage on one lot.


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that means they got a permitted set of plans! Which is good news everyone can submit and build ! If one can = everyone that bought a lot can build.

they need to open up the signal at the 95! I wanted to take a drive thru and check it out
 

Ace in the Hole

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If the economy tanks due to the election/COVID, a lot of people will be sitting on deprecated dirt that they can’t afford to build on.

I hope that isn’t the case. I’d like to see that place finished.


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Give it a few months and I'm betting you are right. Cheap mortgages are going to go away, and the economy is going to suffer dearly starting in a couple of weeks. Elections have consequences
 

Racer56

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The plans for my house in Marina View have been submitted to the city and I am planning on breaking ground in February. There are quite a few other houses in plan check and I think there will be at least 30 home starts this year in the Marina View neighborhood out of 70. Also there will be a lot of home starts in the Wren Cove neighborhood starting in mid to late summer of this year.
 

Racer56

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Give it a few months and I'm betting you are right. Cheap mortgages are going to go away, and the economy is going to suffer dearly starting in a couple of weeks. Elections have consequences
The majority of the people building in the first two phases of the Riviera could pay cash for their home builds and the economy/interest rates will not have any influence on if the homes get built or not.
 
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