The New Home Company returns to Irvine with spacious residences in the Rise neighborhood of Great Park
ALISO VIEJO, California – (BUSINESS WIRE) – The city of Irvine is a special place for The New Home Company (NEW HOME, NYSE: NWHM). This is where the company built its first houses in 2009. Since then, it has successfully completed several parishes and hundreds of homes in the city. Today NEW HOME announced its return to Irvine with Atlas, a collection of thoughtful, sprawling residences in Rise at the Great Park Neighborhoods.
NEW HOME has entered into a strategic relationship with the developer of Great Park Neighborhoods (FivePoint) on Atlas, which is currently under construction. The detached single-family homes offer a contemporary mix of traditional and modern architecture with spacious floor plans ranging from 3,360 to 3,647 square feet with up to five bedrooms. Atlas residents have access to the many community amenities that define Rise Village, with pools, clubhouses, parks, sky decks, and trails to explore and enjoy.
A list of interests is currently being drawn up for Atlas and NEW HOME expects a sales launch and model house debut in early 2021. Prices are expected to start in the mid-$ 1 million.
“We are very excited to be back in Irvine, where we have had the honor of building award-winning homes for families for the past decade, including our first neighborhood in Great Park,” said Joan Webb, NEW HOME’s chief marketing officer . “FivePoint did an excellent job creating a master plan for Great Park that resulted in it becoming one of the most desirable communities in Southern California. Atlas will be the ideal place for growing families looking for more space, excellent schools, and all of the lifestyle benefits that the Great Park Neighborhoods offer. ”
“NEW HOME is a well-known, high-quality building contractor with whom we have had a long relationship. We are very excited to have you return to our Great Park community, ”said Lynn Jochim, FivePoint’s chief operating officer.
Atlas, which will include a total of 38 properties, will be the 10th and final neighborhood to open in Rise.
More information about Atlas can be found at 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 home builder focused on the design, construction and sale of innovative and consumer-centric homes in key metropolitan areas in select growth markets in California and Arizona, including the Southern California coast, San Francisco Bay, and Sacramento Metro and Phoenix. NEW HOME was named Builder of the Year 2019 by Professional Builder and is a multi-year recipient of The Eliant for Best Customer Experience in the multi-part Builder segment of the Eliant Homebuyers’ Choice Award. NEW HOME was named twice on Inc. Magazine’s 40 Founders List, recognizing public companies that have maintained a strong entrepreneurial spirit. For more information about the company or its current new home listings, visit NWHM.com.
Headquartered in Irvine, Calif., Five Point designs and develops large, master-planned, mixed-use communities in Orange County, Los Angeles County, and San Francisco Counties that include residential, commercial, retail, educational, and recreational elements with public facilities combine. including civic areas for parks and open spaces. Five Point’s communities include the Great Park Neighborhoods® in Irvine, Valencia® (formerly Newhall Ranch®) in Los Angeles County, and Candlestick® and The San Francisco Shipyard® in the city of San Francisco. These communities are expected to contain approximately 40,000 homes and approximately 23 million square feet of commercial space. Please visit FivePoint.com for more information. Five Point’s Great Park Neighborhoods community is owned and developed by a separate joint venture called Heritage Fields El Toro, LLC of which Five Point is a member / owner and development manager.
Via Great Park Neighborhoods
The Great Park Neighborhoods are taking shape around Orange County Great Park in Irvine. It is a collection of characteristic parks surrounded by distinctive houses. With easy access to Orange County’s best deals. High level schools. Kilometers of hiking and biking trails. And community meetings that connect residents with their neighbors. For more information, visit GreatParkNeighborhoods.com.