When the Worldwide Church of God decided to sell the Pasadena campus, it faced a lot of criticism because it did not remain the owners an lease out the land. If they had done that, the church would have been endowed in perpetuity with money. Local churches could have been built in communities where they could actually have made their presence known.
That never happened and now the church has shrunk into nothingness. Instead, others are reaping the benefits.
The construction of townhouses on the Ambassador property are entering their final stage. They are selling for between $2,000,000 - 2,750,000, all sitting upon land owned by someone else. Money in their pockets.
The Newport Beach-based developer will unveil a designer showcase home on Saturday with those features and more in conjunction with the release of the final 17 homes in its upscale Ambassador Gardens development in Pasadena.
The home will be shown through March 29 as part of the Jamieson Place enclave of 39 townhomes and flats, where homes are now selling for $2 million to $2.75 million.
Jamieson Place follows two earlier phases — The Bungalows and the The Grove. Since construction began in 2012, Ambassador Gardens has sold 57 homes.
Situated on the lush grounds of the former Ambassador College, the 19-acre community is unique, according to Ben Besley, vice president of development for Insignia.
Being wise stewards has never the hallmark of the Church of God.