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The Seattle Times reports that Quadrant Homes has stopped building and selling at The Ridge in Gig Harbor.
The 120-lot development off Borgen Boulevard was to hold 1,500-3,100 square-foot homes for $259,000-$342,900, according to the story.
Peter Orser, Quadrant president, told the paper that the decision was "a suspension, not an abandonment" and that the stoppage would be temporary. But he acknowledged that the move was significant and attributed it to the contracting economy.
Have you bought a home in The Ridge? Or had you started the process of buying there? We want to hear from you. E-mail kathleen.cooper@thenewstribune.com with your name and a daytime phone number.
