If you are interested in acquiring a lot in Galena Shores please click here. 

Once title passes to the LP, they have a 5 year building commitment.  The home must be at least 1,200 square feet on the main floor.  There will also be additional industry standard building regulations.  If the building commitment is not met then ALDL has the right to buy back the lot at 85% of the appraised amount.  ALDL is not obligated to do so.  If the LP wishes to sell the lot, at the GP's option, may buy it from the LP at 85% of the appraised amount.  This ensures that we can manage the market for the lots when we are selling to the public.