[TRI Pointe Homes] – TRI Pointe Homes Southern California announced the acquisition of 119 lots in Santa Clarita, Calif., expanding the company’s offerings in Southern California. The new neighborhood, “Grayson at Five Knolls,” will include 119 single-family detached homes. It is located within Five Knolls, a new master-planned community by Brookfield Residential, which is slated for a total of 499 homes across five neighborhoods.
“The recent acquisition at Five Knolls further develops TRI Pointe’s strong relationship with Brookfield Residential and provides a strategic opportunity to establish a new presence in a highly desirable location within the Santa Clarita Valley market,” said TRI Pointe Homes Southern California Division President Tom Grable. “With residential development limited and current home supply levels extremely low, this opportunity allows TRI Pointe to use its experience to deliver quality product within a master plan.”
Grayson at Five Knolls will offer three contemporary floor plans ranging from 2,000 to 2,400 square feet. The expected buyer profiles are move-up and executive move-up buyers. Pricing is anticipated to begin in the low $500,000s, with a targeted grand opening in July 2015.
Located east of I-5, west of the 14 Freeway, northeast of the current alignment of Newhall Ranch Road and north of the terminus of Golden Valley Road in the Santa Clarita Valley, homebuyers at Grayson at Five Knolls are close to Valley schools, services, and shopping centers. The community boasts convenient access to Santa Clarita’s commuter routes, including the new Via Princessa Metro Station. The new metro line will give access to job centers in San Fernando Valley and Los Angeles with Metro stations in Sylmar, Sun Valley, Burbank Airport, Downtown Burbank, Downtown Glendale and Central Los Angeles. The Metro line also offers a reverse commute to Antelope Valley, accommodating a growing number of aerospace (Northrop-Grumman, Lockheed-Martin) and military contractors (Edwards Air Force Base, China Lake Naval Base) who work in the Antelope Valley but choose to live in Santa Clarita.
With a premier location near major transportation and job corridors, we anticipate that the interest at Grayson at Five Knolls will be quite strong,” said Grable. “The idyllic hillside setting with great views and access to quality schools will make the new residences even more attractive to home buyers.”
About TRI Pointe Homes Southern California
Based in Irvine, California, TRI Pointe Homes Southern California designs, constructs and sells innovative single-family homes and condominiums. Founded on more than a century of combined real estate industry experience, the company is dedicated to bringing housing to both urban infill and award-winning master-planned communities throughout core growth markets in Southern California. Dedicated to insightful design and superior craftsmanship, the company is setting a new standard in homebuilding and customer experience. TRI Pointe is the recipient of various awards, including a first-place ranking in the 2013 Eliant Homebuyers’ Choice Awards for homebuyers’ satisfaction with their purchase experience. TRI Pointe Homes Southern California is a member of TRI Pointe Group (NYSE: TPH), a family of premium regional homebuilders supported by the significant resources, economies of scale and thought leadership of a national foundation. Together this makes TRI Pointe Group one of the largest homebuilders in the U.S. For more information about TRI Pointe Homes Southern California, please visit www.tripointehomes.com.