Construction should have begun by now. More specifically, it should have started the week of October 9th.
The other night, we had dinner with other Portland-based homeowners the other night and our sales guy, Bob Pendock (who is definitely the sales guy to go with if you're interested in buying a Loreto Bay home...no sales pressure and very responsive to all needs/questions). He said that Founders' Neighborhood was completely under construction now, so it should be quite a change next time we go down there. Can't wait to see it all!