The New Home Company Returns to Irvine with Spacious Residences at Great Park’s Rise Neighborhood
July 23 2020 - 11:30AM
Business Wire
NEW HOME and Great Park’s Developer
FivePoint enter into Strategic Relationship on Atlas, a collection
of luxury detached single-family homes and the last to be built at
Rise.
The city of Irvine is a special place for The New Home Company
(NEW HOME, NYSE: NWHM). It’s where the company built its first
homes in 2009. Since then, it has successfully completed multiple
communities and hundreds of homes in the city. Today, NEW HOME
announced its return to Irvine with Atlas, a collection of
thoughtfully designed expansive residences within Rise at the Great
Park Neighborhoods.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20200723005150/en/
Exterior rendering of Atlas by The New
Home Company. (Photo: Business Wire)
NEW HOME has entered into a strategic relationship with the
developer of Great Park Neighborhoods (FivePoint) on Atlas, where
construction is now underway. The detached single-family homes will
feature a contemporary blend of traditional and modern architecture
with spacious floorplans ranging from 3,360 to 3,647 square feet
with up to five bedrooms. Atlas residents will have access to the
abundance of community amenities that define the Rise village, with
pools, clubhouses, parks, sky decks and trails to explore and
enjoy.
An interest list is now forming for Atlas and NEW HOME
anticipates a sales launch and model homes debut in early 2021.
Prices are expected to begin in the mid $1 millions.
“We’re thrilled to be back in Irvine where we’ve had the honor
of building award winning homes for families over the last decade,
including at our first Great Park neighborhood,” said Joan Webb,
Chief Marketing Officer for NEW HOME. “FivePoint has done a
tremendous job in creating a master plan for Great Park that has
resulted in it becoming one of the most desirable communities in
Southern California. Atlas will be the ideal setting for growing
families looking for more square footage, excellent schools and all
of the lifestyle benefits afforded at the Great Park
Neighborhoods.”
“NEW HOME is a well-known, quality home builder who we have had
a long relationship with. We are very happy to see them return to
our Great Park community,” said Lynn Jochim, Chief Operating
Officer for FivePoint.
Atlas, which will include a total of 38 homes, will be the 10th
and final neighborhood to open at Rise.
For more information on Atlas, visit www.AtlasNWHM.com.
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 was named 2019 Builder of the Year
by Professional Builder and is a multi-year recipient of “The
Eliant” for Best Overall Customer Experience in the Eliant
Homebuyers’ Choice Award’s multi-divisional builder segment. NEW
HOME was twice named to the Inc. Magazine Founders 40 list,
recognizing public companies that have maintained a strong
entrepreneurial spirit. For more information about the company or
its current new-home offerings, visit NWHM.com.
About FivePoint
Five Point, headquartered in Irvine, California, designs and
develops large mixed-use, master-planned communities in Orange
County, Los Angeles County, and San Francisco County that combine
residential, commercial, retail, educational, and recreational
elements with public amenities, including civic areas for parks and
open space. Five Point’s communities include the Great Park
Neighborhoods® in Irvine, Valencia® (formerly known as Newhall
Ranch®) in Los Angeles County, and Candlestick® and The San
Francisco Shipyard® in the City of San Francisco. These communities
are designed to include approximately 40,000 residential homes and
approximately 23 million square feet of commercial space. For more
information, visit FivePoint.com. Five Point’s Great Park
Neighborhoods community is owned and developed through a separate
joint venture entity known as Heritage Fields El Toro, LLC in which
Five Point is a member/owner and development manager.
About Great Park
Neighborhoods
Great Park Neighborhoods is taking shape around the perimeter of
the Orange County Great Park in Irvine. It’s a collection of
signature parks, surrounded by distinctive homes. With convenient
access to the best Orange County has to offer. Top-ranking schools.
Miles of walking and biking trails. And community gatherings that
connect residents with their neighbors. For more information, visit
GreatParkNeighborhoods.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200723005150/en/
Media Contact: Mike Hoye Paolucci Salling & Martin
Communication Arts | Public Relations (310) 346-0845 (mobile) or
mhoye@PSMCommArts.com
The New Home (NYSE:NWHM)
Historical Stock Chart
From Jun 2024 to Jul 2024
The New Home (NYSE:NWHM)
Historical Stock Chart
From Jul 2023 to Jul 2024