Minnesota company continues build-out of former Michael's Landing
Wednesday, December 04, 2013 2:01 PM
Minneapolis-based Oppidan Investment Co. said it will complete all necessary site and infrastructure work for its second Woodland Hills development in West Des Moines by early December. The company also expects to close on the sale of all 56 home sites in the development in early December, according to a release. Woodland Hills II is a 56-lot residential development that sits on 18.5 acres. Oppidan has already contracted the sale of all 56 lots to three local home builders and expects to close on 20 of those lots before the end of the year. Home construction is also expected to begin before the end of the year. Oppidan expects to complete sales for the last 30 lots in a 163-lot residential development that was the first phase of its takeover of bank-owned property. Woodland Hills is west of South 88th Street and between Mills Civic Parkway on the north and Booneville Road on the south. Oppidan obtained property in the nearly 300-acre development after Regency development companies went out of business in 2008 and banks foreclosed on loans to the company, which had called the area Michael's Landing.