I do own a WCI property in Four Corners. Unfortunately, WCI sold the remainder of the unfinished community (100+ lots) to Toll Brothers. The problem is that when a developer buys out the remaining properties, they are not necessarily obligated to complete or manage the community as originally planned.
Unfortunately, those that purchased into the Rivington "community" may or may not see the vision realized. That's a major issue when you paid a significant premium to buy into a planned neighborhood such as Rivington, but the finished product is turns out to be something completely different.
I think the point Ldahla and others are trying to make is that the original buyers paid a huge amount (admittedly during a real estate boom) for the community WCI is selling. WCI is just now emerging from bankruptcy and the future of Rivington is uncertain. Those who did purchase a few years ago have seen a 30-50% depreciation in their properties (as evidenced by sales data) and the future of the other 2 sections remain up in the air.
When I purchased into Four Corners there were parts of the community (Day Care Center, Dry Cleaner, Ice Cream parlor, etc.) that were planned. When WCI sold the community to Toll Brothers those amenities still haven't been completed, and Toll Brothers turned around and sold the retail spaces to someone else. At this point, I do not expect to see any of these amenities in my community.
Furthermore, WCI was not just a home builder, they promoted community activities and other "lifestyle" features. Toll Brothers on the other hand, is a home builder only, so many of the community events have been fading away, or have been picked up by residents. Needless to say, the "lifestyle" is no longer what WCI was promoting.
In the end, what good is there in buying into a community that is never realized? WCI still markets 30,000 sq/ft of recreational amenities. Wouldn't you be upset if you bought into that and it never came to pass? Or worse, it did and instead of the costs being spread around 700+ units, it is shouldered by the 150-200 units in the Hills?
While you may perceive Ldahla and others to be painting a doom-and-gloom picture, they are merely voicing well founded concerns to potential buyers. These are real issues that affect the value of the homes in the development as well as the general "lifestyle" of the owners in the community. Many of the planned amenities are well suited to young families with kids. If the playgrounds, community center, pools, etc. never come to pass, most of the benefits to families with children are eroded along with the resale value in general.
As always, it is buyer beware. This is simply a forum where you can learn about some of the potential pitfalls and make an educated decision. Anyone who is considering the purchase of a half a million dollar townhouse from an bankrupt developer with two-thirds of the community incomplete would need as much information as possible.
So, bravo to everyone that is keeping this thread alive. Whether you think that this is a desirable or terrible development is inconsequential, as long as the information is out there so that others can make the decision for themselves.