TRI Pointe Homes' Rapid Growth Continues with the Opening of Five New Communities in the Western United States
IRVINE, Calif.--(BUSINESS WIRE)-- TRI Pointe Homes, Inc. has recently opened several new neighborhoods in California and Colorado, as the company continues to expand its homebuilding operations in the Western United States. In aggregate these new communities represent over 400 new potential homesites for TRI Pointe. Its newly unveiled California neighborhoods include TRI Pointe Homes at Rancho Mission Viejo, Arcadia at Stonegate in Irvine, Altana at Civita in Mission Valley, and Amelia at Bay Meadows in San Mateo. TRI Pointe Homes also celebrated a recent grand opening in Colorado, where it unveiled its Debut Collection at Terrain in Castle Rock.
Rancho Mission Viejo is a working 23,000-acre ranch in South Orange County, which could become one of the largest planned communities in America. TRI Pointe's neighborhood is located in Sendero, one of multiple villages within Rancho Mission Viejo. The Ranch contains approximately 17,000 acres of protected open space as well as hiking and biking trails carefully integrated with some of the Ranch's agrarian spaces and natural habitat.
TRI Pointe at Rancho Mission Viejo will consist of 105 single-family homes situated amid the network of paths, parks, and gardens that make up Sendero. Ranging from approximately 2,050 to 2,394 square feet, TRI Pointe's homes are priced in the mid $600,000s.
Located within the master planned community of Villages of Irvine by the Irvine Company, Arcadia comprises 61 single-family detached luxury homes priced from the $1.1 millions. The neighborhood, located within Stonegate, one of the five villages making up Villages of Irvine, will offer single-family homes ranging from 2,909 to 3,202 square feet.
Opening August 10, 2013, Altana is the first single-family detached neighborhood in Civita, a sustainable, transit oriented village in Mission Valley. Altana includes 45 two- and three-story homes offering sweeping views of Mission Valley and Civita's proposed central park. The homes incorporate expansive roof decks, private courtyards and open floor plans and range in size from approximately 1,668 to 2,180 square feet. Prices start in the high $600,000s.
Amelia at Bay Meadows in San Mateo offers 63 townhomes with 1,259 to 2,536 square feet priced from the $800,000s. Bay Meadows is a comprehensively sustainable, transportation-centered pedestrian village located midway between San Francisco and Silicon Valley designed with state-of-the-art buildings set in a new walkable urbanist environment.
Featuring two-story and ranch style homes that blend seamlessly with the surrounding landscape, the Debut Collection in Colorado will be comprised of 149 single-family homes located within Flat Rock Village, one of the various villages within the master planned community of Terrain by Starwood Land Ventures in Castle Rock. Priced from the low $300,000s, the homes range from 1,871 to more than 2,860 square feet, with the option for a finished basement that would add approximately 900 square feet to the total size. Terrain has more than 600 acres of protected land that includes numerous trails and parks.
About TRI Pointe Homes
TRI Pointe Homes, Inc. (NYS: TPH) is engaged in the design, construction and sale of innovative single-family homes in planned communities in major metropolitan areas located throughout Southern and Northern California and, most recently, Colorado. The Company is headquartered in Irvine, California. For more information about the company and its new home developments, please visit www.TRIPointeHomes.com.
Forward-Looking Statements Except for the historical information contained in this press release, the matters set forth in this press release, including statements regarding the Company's plans with respect to building and selling homes, are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including the risks and uncertainties associated with adverse weather, regulatory approvals, labor shortages and other risks detailed in the Company's Annual Report on Form 10-K for the year ended December 31, 2012 and other documents subsequently filed with or furnished to the Securities and Exchange Commission. These forward-looking statements are based on current information that may change and you are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement, and the Company undertakes no obligation to revise or update any forward-looking statement to reflect events or circumstances after the issuance of this press release.
KEYWORDS: United States North America California Colorado
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