Tri Pointe Homes Breaks Ground On New Townhome Community In Oxnard, California

The 116 residences are an attractive option for homebuyers looking to own in a well-priced costal locale
By: TRI Pointe Homes
 
 
The Westerlies Elevation.
The Westerlies Elevation.
 
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Tags:
* Real Estate
* Building
* Oxnard
* Business
* Development

Industrys:
* Business
* Real Estate

Location:
* Irvine - California - US

Subject:
* Projects

IRVINE, Calif. - Jan. 29, 2015 - PRLog -- TRI Pointe Homes Southern California, a member of TRI Pointe Group , has begun construction at The Westerlies, a new community consisting of 116 attached townhomes in Oxnard, Calif. Located adjacent to the Mandalay Bay area of the Channel Islands Harbor, The Westerlies is one of the only new for sale communities under construction in the area.

“Utlizing our expertise in urban infill development, TRI Pointe will take this 6.56-acre site, formerly a blighted retail center, and transform it into beautiful housing for homebuyers,” said Brian Sinderhoff, Vice President of Land Acquisition for TRI Pointe Homes Southern California. “Not only is it well located near jobs, recreation and amenties, but it meets the demand we’re seeing for well-priced homes within Ventura County’s coastal market.”

Upon completion, the three-story residences will offer four distinct floor plan options ranging in size from 1,187 to 2,178 square feet with exterior living space and side-by-side two car garages. The community will include a centralized recreation area and paseos connecting the residents to the many shopping, dining and entertainment amenities at Seabridge, a large development within walking distance. Prices are anticipated to start in the low $300,000s.

Residents at The Westerlies will enjoy the community’s proximity to the Pacific Ocean, Channel Island Marina and several local beaches. Served by the 101 Freeway, the community is also conveniently located within a 60-minute commute of employment centers including Santa Barbara, the San Fernando Valley and Santa Clarita. It is also near Port Hueneme and Naval Base Ventura County, which are major contributors to the local economy.

City of Oxnard officials say that the community is bringing much-needed housing and revitalization to the area.

"This welcome project replaces a long-blighted shopping center with well-designed townhomes that will provide move-up opportunities to Oxnard residents who desire to live near the harbor and its many amenities," said Oxnard Mayor Tim Flynn.

Sales at The Westerlies are expected to begin August 2015. Anticipated occupancy for phase one is November 2015. For additional information, visit www.tripointehomes.com.

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. For more information about TRI Pointe Homes Southern California, which is a member of top 10 public homebuilder TRI Pointe Group , 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, but not limited to, the risks and uncertainties associated with TRI Pointe’s ability to integrate WRECO successfully and to achieve anticipated synergies; the risk that disruptions from the transaction will harm TRI Pointe’s businesses; the effect of general economic conditions, including employment rates, housing starts, interest rate levels, availability of financing for home mortgages, the strength of the U.S. dollar, 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, 2013 and other documents subsequently filed with or furnished to the Securities and Exchange Commission. However, it is not possible to predict or identify all such risks and uncertainties. Consequently, while the foregoing list is considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. 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.

Contact
Katy Biggerstaff
***@newgroundco.com
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Tags:Real Estate, Building, Oxnard, Business, Development
Industry:Business, Real Estate
Location:Irvine - California - United States
Subject:Projects
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