The homebuilder is developing a new collection of residences as part of a 230-acre master village in the heart of Mission Valley.
The New Home Company has announced a strategic expansion into the San Diego market, and will develop a $100 million residential neighborhood within the Civita mixed-use community.
The neighborhood, called Promontory, will be located on an 8.7-acre plot atop the highest point of Civita. It will be made up of 133 three-story and single-story attached homes ranging from 1,401 to 2,188 square feet. Prices will start in the low $700,000s.
The residences were designed by the award-winning Woodley Architectural Group with a focus on capturing the beauty of Mission Valley below, including such features as floor-to-ceiling windows, great rooms and master bedrooms oriented toward the valley and oversized patios and decks that enhance the indoor/outdoor living experience.
This is the first time The New Home Company, which was formed in 2009, has ventured into the San Diego market. It is headquartered in Aliso Viejo, Calif. and has other divisions in the state in Southern California, the San Francisco Bay Area and the Sacramento region. The new development allows the company to achieve a long-standing goal.
“We’ve had our eye on San Diego for some time, and when the opportunity to purchase land at Civita was presented to us, we saw it as a prime location to plant our flag in the market,” says New Home Company CEO H. Lawrence Webb. “Our focus is on building homes where we will be rewarded for exceptional planning and architecture. We strive to be in demographically strong locations where there is a growing job base. San Diego has these characteristics and we expect to be very successful here.”
The New Home Company will open an on-site sales gallery late this summer and will hold a grand opening for a Promontory model home later this year.
Civita is a walk-everywhere village in the heart of Mission Valley and, when completed, will consist of eight distinct districts spread out over 230 acres. When completed, it will include 4,780 homes, 900,000 square feet of office and retail space and 60 acres of parks and open space. The master plan was developed by Carrier Johnson + Culture principal Gordon Carrier.