The New Home Company Expands into San Diego with First Community Underway in Mission Valley
July 10 2017 - 11:30AM
Business Wire
Promontory will be comprised of 133 attached
homes on an elevated site within Civita, an emerging master-planned
community in the heart of San Diego.
The New Home Company (NEW HOME, NYSE: NWHM) has announced a
strategic expansion into the San Diego market with its first
collection of residences, called Promontory, now underway in the
emerging 225-acre master-planned community of Civita in Mission
Valley. Civita is being developed by Sudberry Properties in
partnership with the Grant family, which has owned the land since
the early 1900s.
Promontory is located on 8.7 acres set atop the highest point of
Civita, and will be comprised of 133 three-story and single-story
attached homes ranging from 1,401 to 2,188 square feet of living
space and up to three bedrooms and three and one-half baths.
NEW HOME plans to open an on-site sales gallery in late summer
2017 and at the same time will offer a selection of residences to
the interest list during a pre-sales program. Prices are expected
to begin in the $700,000s. A model home Grand Opening for
Promontory is anticipated for late 2017.
The modern residences at Promontory were designed by the
award-winning Woodley Architectural Group with special attention
and care given to capturing and framing the unobstructed views
through floor-to-ceiling windows, great rooms and master bedrooms
oriented toward the valley below, and oversized patios and decks
that enhance the overall indoor/outdoor living experience.
NEW HOME has been one of the most active home builders in
California since the company was formed in 2009. Headquartered in
Aliso Viejo, Calif., the company has divisions in Southern
California, the San Francisco Bay Area, the Sacramento region and
Arizona.
“We’ve had our eye on San Diego for some time and when the
opportunity to purchase land at Civita was presented to us, we saw
it as a prime location to plant our flag in the market,” said NEW
HOME Chief Executive Officer H. Lawrence Webb. “Our focus is on
building homes where we will be rewarded for exceptional planning
and architecture. We strive to be in demographically strong
locations where there is a growing job base. San Diego has these
characteristics and we expect to be very successful here.”
Civita offers the very best of San Diego living. It is centrally
located in the heart of San Diego, with Balboa Park and Downtown
just a few miles south, and the bay and beaches a short drive west.
The light rail is within walking distance, connecting homeowners to
major employment centers and destinations nearby.
Designed by an award-winning team of architects, the Civita
Recreation Center will open later this summer. Spanning 2.5 acres,
the Rec Center will capture the essence of a resort destination
with spaces to lounge or socialize, swim or spin, relax or dance.
The 8,790 square-foot clubhouse will overlook a spectacular lagoon
pool, a lap pool, two spas and covered patios for year-round BBQs
and picnics.
The community includes a series of parks and dog parks,
including the signature Civita Park which is now open. The
14.3-acre, multi-level property is the centerpiece of Civita’s
network of parks, open space and trails that encompass nearly
one-third of the community. Highlights of the park include an
outdoor amphitheater; interactive water feature with 48 jets;
picnic tables and “outdoor living rooms” shaded by wisteria-covered
trellises; game area; community garden; basketball half-courts; dog
park with separate large/small dog enclosures and restrooms.
Plans at Civita also call for a future commercial center
creating a walkable downtown atmosphere for all residents to
enjoy.
Those interested in a new home at Promontory are encouraged to
visit www.PromontoryNWHM.com to register and receive updates on
community progress, future events and sales opportunities.
About The New Home Company
NEW HOME is a publicly traded company listed on the New York
Stock Exchange under the symbol “NWHM.” It is a new generation
homebuilder focused on the design, construction and sale of
innovative and consumer-driven homes in major metropolitan areas
within select growth markets in California and Arizona, including
coastal Southern California, the San Francisco Bay area, metro
Sacramento and Phoenix. NEW HOME is a multi-year recipient of “The
Eliant” for Best Overall Customer Experience in the Eliant
Homebuyers’ Choice Award’s multi-divisional builder segment. In
2017, NEW HOME won a total of 22 Eliant Awards, the highest number
earned by a home builder in this year's competition. For two years
in a row, NEW HOME has been named to the Inc. Magazine Founders 40
list, recognizing newly public companies that have maintained a
strong entrepreneurial spirit. For more information about the
company or its current new-home offerings, visit www.NWHM.com.
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Paolucci Salling & Martin Communication ArtsMike Hoye,
310-346-0845Public Relationsmhoye@PSMCommArts.com
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