[Sign Up Now] to Receive Our FREE Daily SCVTV-SCVNews Digest by E-Mail

Inside
Weather
Santa Clarita CA
Cloudy
Cloudy
86°F
 
Calendar
Today in
S.C.V. History
October 16
1853 - Sarah Gifford, community leader and wife of Newhall's first railroad station agent, born in England [story]
Sarah Gifford


[Presidio Residential] – Presidio Residential Capital has partnered with Williams Homes to build Phantom Trail, ultimately a $25 million 82-acre community with 29 single-family homes and more than 70 acres of dedicated open space near Copperhill Drive and Haskell Canyon Road in the city of Santa Clarita, Calif. Construction will begin in the spring of 2015, and a grand opening is planned for November 2015.

“Presidio is excited to partner with Williams Homes on this project,” said Presidio Residential Capital principal Paul Lucatuorto. “Although the property encompasses 80 acres, Williams is planning to develop only 29 homes on 20 acres with a private neighborhood park, creating an exclusive enclave with amazing views of the surrounding area.”

Phantom Trail will be located within a highly desirable submarket for buyers who are looking for new homes with bigger-than-average lots within a safe community and outstanding schools. Buyers will be able to choose single-story homes if desired, will enjoy outstanding regional views and will have enough room for a pool and other amenities, all of which is rare in the Santa Clarita market.

The homes, on 7,750- to 16,780-square-foot lots, will have ENERGYSTAR® appliances, standard granite kitchen countertops and 10-foot ceilings on the first floor. Residents will have access to a large park within the subdivision. The site is near major employers including the William S. Hart Union School District, Six Flags Magic Mountain, Princess Cruises, College of the Canyons and Henry Mayo Newhall Memorial Hospital. With easy access to the Metrolink, Santa Clarita Transit and the Burbank Bob Hope Airport, Phantom Trail is also close to the Valencia Town Center and Patios shopping centers as well as Hurricane Harbor, Lake Castaic and Santa Clarita State Park.

“Williams Homes specializes in developing infill properties in Los Angeles County that are not mainstream opportunities for the big builders, and this particular property meets those requirements,” said Keith Herren, chief development officer and executive vice president of Williams Homes. “The property has a lot of terrain, which concerns most builders, but we believe the risks are easily quantifiable and manageable. The property is also smaller than what most big builders are looking for, but we actually like the smaller bites.”

According to the National Association of Home Builders’ formula to determine the local impact of single-family housing in typical metro areas, the community’s 29 new single-family homes will generate $6.1 million in local income and $638,000 in taxes and other revenue for local governments and 94 local jobs.

“We chose this project because of the property’s location within a large master planned community,” Lucatuorto said. “It’s rare to find new homes on large lots with home prices starting in the $600,000s that are within commuting distance to Los Angeles employment centers.”

Williams Homes is the general contractor for Phantom Trail. Phantom Terrace Associates is the seller, and Howard Hamlin is the broker.

 

About Presidio

presidioresidentialPresidio Residential Capital is a real estate investment company focused on the residential housing sector. Headquartered in San Diego, Calif., the firm provides both levered and non-levered equity and non-recourse construction financing for for-sale residential focused development opportunities throughout the Western United States. Presidio has infused more than $400 million into the economy to capitalize housing development and construction. The firm’s goal is to fund in excess of $600 million in debt and equity for home building projects in the Western United States, and currently has investments in California, Hawaii, Texas, Idaho and Washington. The firm is affiliated with a privately-held registered investment advisor specializing in alternative investment strategies who has a long history of investing in the home building sector. Current assets under management total more than $2 billion. Presidio is a member of the Building Industry Association of San Diego.

Comment On This Story
COMMENT POLICY: We welcome comments from individuals and businesses. All comments are moderated. Comments are subject to rejection if they are vulgar, combative, or in poor taste.
REAL NAMES ONLY: All posters must use their real individual or business name. This applies equally to Twitter account holders who use a nickname.

4 Comments

  1. Chris Dunne Chris Dunne says:

    Mirissa Glass Dunne Steve Resnick Rita Cekanauskas Zukas. Check this out

  2. YES! Because with the thousands of homes going in off the 126 all we need are a few more homes in Santa Clarita to flood the market and increase our traffic! Awesome! Thanks guys.

  3. Michele Riding Gillhouse, Rosi Goodman, Shannon L Okahara, Ruth Bennett Stanke

  4. Lovely. I sure hope the potential buyers look into homeowners insurance before they buy. We were dropped a few years ago by one company we’d had for 8 years and no claims based on the fire hazard. Then I found out recently we’ve been grandfathered in by our current insurance carrier as they won’t insure anymore homes in 91390.

Leave a Comment


Latest Additions to SCVNews.com
A water main break in Valencia caused lane closures and traffic delays as crews work to stop water from spilling onto the streets Wednesday.
Water Main Break Shuts Down Eastbound Newhall Ranch Road
The Los Angeles County Board of Supervisors unanimously approved a motion to provide recommendations for how to modify county ordinances to grant the Sheriff's Civilian Oversight Commission subpoena power through the Office of Inspector General.
Supes Seek Subpoena Power for Oversight of Sheriff’s Department
AVITA Medical, a regenerative medicine company with a technology platform positioned to address unmet medical needs in therapeutic skin restoration, announced that its American Depositary Shares (“ADS”) have been approved to list on the Nasdaq Capital Market, or Nasdaq.
AVITA Medical Now Listed on Nasdaq
Thirty-two features have been submitted for consideration in the Animated Feature Film category for the 92nd Academy Awards.
32 Animated Features to Vie for 2019 Oscar
The deadline for poets to submit poems for the city of Santa Clarita's 2020 Sidewalk Poetry Project is Thursday, Oct. 31.
Oct. 31: Deadline to Submit Poems for 2020 Sidewalk Poetry Project
For the first time since the Santa Clarita-based firm was founded in 1998, a third partner’s name is becoming part of the official name of the firm as Poole & Shaffery becomes Poole Shaffery & Koegle, LLP.
Poole & Shaffrey Add Partner Koegle to Law Firm’s Name
As part of the 26th Annual National Public Lands Day, Saddleback Butte State Park is leading a habitat cleanup on Saturday, October 26 from 8 a.m. to noon, and officials invite local residents to pitch in.
Oct. 26: Saddleback Butte Cleanup on National Public Lands Day
The William S. Hart Union High School District’s governing board is set to discuss a letter addressing allegations of an open-meeting law violation with respect to its recent search for a new superintendent.
Hart District to Discuss Letter on Superintendent Search, Transparency
The U.S. Forest Service has closed the Saddleridge Fire area in the Angeles National Forest for the safety of the public and fire suppression personnel, officials said Wednesday.
Saddleridge Blaze 46% Contained, Forest Service Closes Fire Area
Santa Clarita Mayor Marsha McLean joined other local officials from across the Southland to commemorate the signing of the San Gabriel Mountains National Monument Plan in Arcadia on Thursday, October 10.
McLean, Officials Meet to Sign San Gabriel Mountains Monument Plan
SCV Water officials hammering out a plan to manage groundwater are still accepting applications for the agency’s seven-member advisory group.
Water Heads Find Groundwater Advisers, Still Accepting Applications
SCV Water and its water-banking partners, Rosedale-Rio Bravo Water Storage District and Irvine Ranch Water District, recently opened six new groundwater wells and a conveyance system to the Cross Valley Canal in Kern County.
SCV Water, Partners Add 6 Wells in Kern County
Through a $700,000 federal grant, the California Highway Patrol has developed the Get Educated and Ride Safe II campaign, or GEARS II, to promote motorcycle safety and awareness.
CHP Wins $700K Grant for GEARS Motorcycle Safety Program
California Governor Gavin Newsom signed Los Angeles County-sponsored Assembly Bill 539 into law on Thursday, taking a major step in protecting borrowers from predatory high-cost loans.
Californians Gain Protections from Predatory Loans
Recognizing California’s fiscal health, Moody’s Investors Service has upgraded California’s outstanding general obligation bonds credit rating to Aa2 from Aa3.
Moody’s Upgrades California’s Credit Rating
1853 - Sarah Gifford, community leader and wife of Newhall's first railroad station agent, born in England [story]
Sarah Gifford
The next Canyon Country Advisory Committee (CCAC) meeting will be held Wednesday, Oct. 16, from 7:00 p.m. - 9:00 p.m.
Oct. 16: Canyon Country Advisory Committee Meeting
Los Angeles County Chief Executive Officer Sachi A. Hamai announced she will retire as top administrative leader of the nation’s largest municipal government in early 2020, capping a 31-year career leading innovation and managing solutions to some of the region’s most challenging issues.
County CEO Caps 31-Year Career; Announces 2020 Retirement
Valencia-based Lief Labs, a premier formulation and product development innovator and manufacturer of dietary supplements, is pleased to announce that Lief’s rank has risen to 1,022 on the Inc. 5000 definitive ranking of America’s fastest-growing, privately held companies.
Lief Labs Joins List of America’s Fastest-Growing, Privately Held Companies
The community is invited to The Ranch at Fair Oaks for a fall yard sale.
Nov. 2: Fair Oaks Community Association Fall Yard Sale
The city of Santa Clarita will host the Great California ShakeOut earthquake drill at City facilities on Thursday, Oct. 17, at 10:17 a.m. to help train community members on how to properly drop, cover and hold on during an earthquake.
Residents Encouraged to Participate in Great California ShakeOut
For the second time in as many years, The Master's University women's swim team wasted no time qualifying a pair of relays for NAIA nationals.
Lady Mustangs Swim Team Qualifies for Nationals
SAN DIMAS - College of the Canyons remained undefeated on the season while winning its 15th straight Western State Conference (WSC) tourney with a four-player score of 316 at San Dimas Canyon Golf Course on Monday.
Lady Cougars Win 15th Straight Western State Conference Tourney
College of the Canyons returns home to Cougar Stadium, Thursday at 7:00 p.m. vs. Moorpark College, in the fourth of five regular season home games slated for the 2019 campaign.
COC Football Game Thursday Free to SCV Youth Football, Cheer Programs
%d bloggers like this: