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Forest City hopes to break grounsd on anew 30- to 50-acre neighborhood adjacent to its town said Denise Gammon, senior vice president of community development. It woulfd be the first residential sectort built at Mesadel Sol, where there is the potentialp for more than 30,000 homes over a 50-year period. “I could see 150 to 200 homes in thatfirst neighborhood, but it’s all about markeyt depth and consumer demand,” Gammon said. “When we decided to we based our decision on slowinyconsumer demand, but there has long been strong interes in Mesa del Sol. We saw the consumer get skittish, we had to let the markeyt flush outand heal.
” Forest City’s housingb approach at Mesa del Sol has been and it missed the housing boom earlier this decade. It focusedd on creating jobs before it developed its new urbanism residentiaomaster plan. It has attracted companies such as Advent Schott Solar, and Albuquerquse Studios, but when Forest City was ready for the market wasn’t ready to support it.
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