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

Inside
Weather
Santa Clarita CA
Showers
Showers
45°F
 
Calendar
Today in
S.C.V. History
April 8
1874 - Work completed at Lyon's Station (now Eternal Valley) on first version of Pioneer Oil Refinery [story]
Pioneer Oil Refinery


[Five Point Holdings LLC] – In a major step forward to opening its newest master-planned community in Los Angeles County, Five Point Holdings LLC has announced the sale of 781 homesites at Valencia (formerly Newhall Ranch) in the fourth quarter of 2019. The Company closed on 711 of these homesites, and the balance is anticipated to close in the first half of this year. The proceeds from the closed homesites were approximately $135 million.

“This is a milestone for the Company, as we have been waiting for this day for a long time,” said Emile Haddad, Chairman and CEO of Five Point. “These are the first deliveries of the approximately 21,000 homesites anticipated to be delivered next in Valencia, building on the reputation of one of the premier master-planned communities in the country that already has over 60,000 existing residents and 60,000 permanent jobs.”

“Los Angeles is one of the most constrained housing markets in the country,” he said, “and we are excited to be working with the County of Los Angeles to build this new community within Valencia. It will ultimately include the lifestyle elements and amenities that we believe are essential to creating a fully integrated and multi-generational community, while helping mitigate the County’s growing need for additional housing.”

This new community is anticipated to provide a wide range of homes, high quality public education, job/housing balance with approximately 11.5 million square feet of commercial space, including healthcare and lifestyle-focused uses among other amenities, and 10,000 acres of open space. In addition, this community is designed to be the first net zero greenhouse gas community of its size in America.

The financial results of this transaction will be included in the Company’s next earnings report.

 

About Five Point

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.

 

 

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.

3 Comments

  1. waterwatcher says:

    Where’s the water? We have all these wells contaminated with these new Teflon chemicals and the County didn’t even require an updated water supply report. We can’t get through the pass now. More and more people, more and more traffic and air pollution, not enough water. Does anyone else see a problem here?

  2. waterwatcher says:

    With all these new wells that may be closed from the Teflon chemicals, where is all this water going to come from? The County didn’t even require and updated water supply report as required by law. This is not mention the traffic and air pollution. We are supposed to think this is a good thing?

  3. jim says:

    No WW, we’re supposed to think that whatever the County of LA says is good for us is true and that we will benefit from the good works done by our elected officials.

    PFAs are just letters, and in good time our County Officials will take care of them for us. After all, their job is to take care of all of us, isn’t it? From the highest mountain-perched mansion to the lowliest indigent camp in the riverbed, we are all under their tender care.

    And if things (God forbid!) don’t get fixed right away, we can always move up the hill to the next development.

    Or the next river bottom. Or Cal City.

Leave a Comment


Latest Additions to SCVNews.com
1874 - Work completed at Lyon's Station (now Eternal Valley) on first version of Pioneer Oil Refinery [story]
Pioneer Oil Refinery
According to Fire Department officials, 32 personnel currently have been tested. Of those tested, 12 LACFD personnel have been confirmed as being COVID-19 positive.
L.A. County Fire Dept.: 32 Personnel Tested, 12 Have COVID-19
Saugus High School and its Principal Vince Ferry has won the Best Leadership Program Award from Teen Truth, a national organization with a mission to build school culture and empower student voice in every aspect of education.
Saugus High Principal Vince Ferry Wins Best Leadership Award
Los Angeles County will activate a new drive-through, appointment-only COVID-19 testing site at College of the Canyons on Wednesday morning, April 8.
COVID-19 Drive-Thru Testing Center Opens Wednesday at COC
The sliver of optimism comes with a dose of reality for California’s nearly 40 million residents who are trapped in their homes for the foreseeable future: It will likely be the beginning of June, not May, before there is even a chance of easing the restrictions.
Data Show California’s Stay-at-Home Order Flattening Curve, But Lockdown Likely Until June
The Santa Clarita Valley Chamber of Commerce announced Tuesday the launch of its new weekly "@Lunch With…" virtual lunchtime series, which is designed to bring the business community together for engaging and insightful conversations on current local issues and topics with recognized community leaders.
Chamber Launches Virtual Luncheon Program
County Public Health has identified 6,910 cases across all areas of L.A. County, including 169 deaths. At least 139 cases have been reported for the Santa Clarita Valley.
L.A. County Tuesday: 22 New Deaths; 550 New Cases; Min. 139 Cases in SCV
College of the Canyons is a major hub of activity in the Santa Clarita Valley.
Registration Now Open for COC’s Free Personal, Professional Learning Classes
My colleagues on the front line face an opponent in this war that is unknown. There are no curative tools to fight against it, communications are limited because the virus is poorly understood, and options are variable because of unpredictability.
Covid-PTSD | Doctor’s Diary with Dr. Gene Dorio
Hanley Investment Group Real Estate Advisors, a nationally recognized real estate brokerage and advisory firm specializing in retail property sales, announced Monday that the firm has completed the sale of an absolute triple-net ground lease for a new construction, single-tenant Circle K convenience store and gas station located at 24010 Copper Hill Drive in Valencia.
New Construction Circle K in Valencia Sold for $4M
Update as of 12:50 p.m., Tuesday, April 7: Santa Clarita-based Princess Cruises announced that disembarkation will continue (Tuesday), with an additional nine domestic charter flights scheduled. All charters were arranged by Princess Cruises. Guests requiring shoreside medical care have been disembarked and are being treated at local and regional hospitals.
Passengers Begin to Disembark Coral Princess
The County of Los Angeles is committed to providing residents and their families with important resources throughout the COVID-19 crisis that address financial stressors.
Financial Resources Available to County Residents, Employers During Crisis
The Los Angeles County Department of Workforce Development, Aging and Community Services (WDACS), with support of the Los Angeles County Board of Supervisors, announced Tuesday that the LA County Employer Assistance Grant Fund will be launched on Wednesday, April 8.
County Launches $500K Employer Assistance Fund; Webinar to Provide Guidance
One person died in a head-on collision early Tuesday morning on Sierra Highway in Agua Dulce.
One Person Dead After Head-on Collision in Agua Dulce
On the heels of the announcement that students will remain out of school for the remainder of the academic year due to the current public health crisis, the Los Angeles County Department of Children and Family Services (DCFS) is calling on residents to help ensure that children remain safe.
Community Urged to be Voice of Children as Concern for Child Safety Rises
An employee at Los Angeles County Probation’s Barry J. Nidorf Juvenile Hall in Sylmar has tested positive for COVID-19.
County Confirms 2nd COVID-19 Case at Sylmar Juvenile Hall
1860 - Los Angeles Star (newspaper) reports string of Army wagons from Fort Tejon traversing Newhall Pass [story]
Fort Tejon
Two more members of the College of the Canyons community have been diagnosed with coronavirus. These are the second and third cases of coronavirus connected to the college.
COC Reports 2nd, 3rd COVID-19 Cases
To date, the Public Health Department has identified 6,360 cases across all areas of L.A. County, including 147 deaths. A minimum of 1 death and 132 cases — and as many as 144 cases — have occurred in the Santa Clarita Valley.
L.A. County Monday: 6,360 Cases, Min. 132 in SCV; Suggests No Shopping This Week
Governor Gavin Newsom on Monday announced the establishment of the Los Angeles Surge Hospital, a temporary facility in L.A. that will expand access to additional beds and expand ICU capacity for patients who contract COVID-19.
State, County, Healthcare Groups to Open ‘Los Angeles Surge Hospital’
Out of an abundance of caution and to prevent the spread of #coronavirus (#COVID-19), all L.A. County parks will be closed on Sunday, April 12
All County Parks Closed Easter Sunday
California now has had a total of 14,336 confirmed cases and 343 deaths due to the COVID-19 pandemic, the state Department of Public Health announced Monday.
California Monday: 14,336 Cases, 343 Deaths
Because of the recent rainfall, Los Angeles County Health Officer Muntu Davis, MD, MPH, has extended a beach advisory through Thursday at 7 a.m.
Beach Advisory in Effect Through Thursday
After seeing all my patients, I talked to the administrator at one of the homes who said the facility had no extra masks, gowns or shoe coverings.
A Scary Nursing Home | Doctor’s Diary with Dr. Gene Dorio
%d bloggers like this: