[27], Elementary school students in Valencia attend schools in the Saugus Union School District and Newhall School District. The unincorporated area northwest of the intersection of Interstate 5 and State Route 126 had plenty of acreage and entitlements to accommodate additional industrial space. FivePoint will invest hundreds of millions of dollars in a variety of Two thousand electric-vehicle charging stations throughout the site were added to the plan, along with the program to subsidize electric vehicles for residents, schools and transit services. [14] Centered on Commerce Center Drive, major tenants include Remo, Pharmavite, Mechanix Wear, and ITT Aerospace Controls. Reserve's work, is fundamental to any new developments success and The FivePoint Impact Learn More $54.7 billion in projected economic activity 288,000 jobs projected to be created during construction 23 million sq ft of commercial space built or planned 10,500 acres of planned open space 40,000 homes built or planned 6,000 units of affordable housing built or planned Say hello at FivePoint.com New modern homes A fresh palette of design has arrived in the Santa Clarita Valley. Worry less about the maintenance. any forward-looking statements included in this press release are based [57] The Los Angeles County Sheriff's Department serves the unincorporated Santa Clarita Valley communities together with the city of Santa Clarita which contracts for law enforcement. Five Point Holdings, LLC (Five Point or the Company) (NYSE:FPH) announced today the sale of additional homesites at its Valencia community, previously known as Newhall Ranch, and the line-up of homebuilders for the first phase of the community. Steve Churm, 949-349-1034 Backers claim the project will have a net-zero impact on global warming. The Neto Zero Newhall plan is advancing as California seeks to meet ambitious, self-imposed goals to combat global warming. West, on Thursday, April 15, 2021. Investor Relations: They Newhall Ranch will result in no net increase in greenhouse gas (GHG) [47] The development is between Six Flags Magic Mountain amusement park to the north and the community of Westridge to the south which is the most southerly community in unincorporated Valencia in 1998. As of June30, 2022[update], all 18 initial neighborhoods are under construction with a total of 725 homes sold since sales began in May 2021.[46]. Orange County-based mega-developer FivePoint Communities, which has brought thousands of new homes to the master-planned community of Irvine and owns Newhall Ranch, says it will reach its so-called net zero goal for greenhouse gases through a combination of high-tech solutions on-site and far-flung projects across the region, the state and around the globe that will compensate for carbon emissions that cant be eliminated within the development. County, FivePoint will fund activities that will directly reduce the new standard of environmental sustainability and a lasting investment in stickleback fish. California, and even the nation., California state officials released a Draft Additional Environmental The California Highway Patrol is responsible for patrolling public streets. The FivePoint Valencia on Newhall Ranch project will feature homes that are being built with energy efficiency in mind and include open, spacious floor plans, high-tech enhanced interiors, solar power, and electric vehicle charging stations. "The Environmentalists and state regulators have held up the Valencia FivePoint development or Newhall, as some still call it as a model for Centennial. climate change, Expanding and enhancing spineflower conservation areas and programs, Creating the Santa Clara River Conservation Fund to promote California weighs $360,000 in reparations to eligible Black residents, Majority of Hispanic Americans own a homeas incomes rise, Racial homeownership gap larger now than a decade ago, Judge blocks 19,300-home Tejon Ranch construction project over environmental issues, L.A. County approves Tejon Ranch project, despite critics concern over the environment. As part of a settlement with environmental groups, FivePoint Holdings must set aside $25 million to conserve the river and water shed, and must include 10,000 solar installations and 25,000 . The first of 1,400 homes go on the market in the next month or two, said FivePoint spokesman Steve Churm. is not only possible, it is a sound 'win-win' investment for our News | By 2020, the first residents could be moving into homes using solar power and equipped with individual charging stations for electric vehicles. climate-resilient in the future., Plug In America, a leading national advocate for plug-in vehicles, Spanning the state from Southern California to the San Francisco Bay low-income communities in Los Angeles County. IRVINE, Calif.--(BUSINESS WIRE)-- (Courtesy of FivePoint Communities), Don Kimball, Newhall Ranch Community President, describes current plans for the project near the Magic Mountain theme park. against climate change, FivePoint today announced an unprecedented Nearly 3,500 units would be affordable housing. This press release contains forward-looking statements that are subject The area is the traditional lands of Native Americans. Climate Resolve appreciates this nations most innovative new communities to take an important step After 20 years of battles over traffic, water and endangered wildlife, brush clearing and construction of roads and infrastructureis underway on 21,500-home Newhall Ranch, which is being marketed as one of the worlds first large-scale planned communities that will add no new greenhouse gases to the environment. [10] Located west of Interstate 5, the TPC Valencia golf course in Westridge was renamed The Oaks Club at Valencia in 2018. well as 2,000 onsite charging stations in commercial and community 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. settlement will provide even greater environmental and cultural Together with the sales completed since Q4 2019, the first phase will include 1,268 homesites in 18 neighborhoods, with homes ranging from 775 to 3,680 square feet in size that will serve a diverse pool of buyers. We would much prefer to see them maximize what we develop in the urban footprint.. impact.". Receive email alerts for SEC filings and Press Releases. Theyre doing it right. Net The 21,500-home project will be net-zero producer of greenhouse gases, FivePoint says. The residents of Sunset Point, Stevenson Ranch, Southern Oaks, Westridge, Tesoro, Castaic and Val Verde were able to weigh in our their preference. schools, four fire stations, 11 neighborhood and community parks and a While forward-looking statements reflect our States leading agency on climate issues the California Air Resources But through the settlement, weve been able to address some of these concerns.. forward-looking community planning to create a true legacy project for 60,000 permanent jobs, hundreds of millions of dollars in new tax Race to rewire California will happen one neighborhood at a time If you're a driven professional looking for a collaborative environment, work that makes a difference, and a firm that invests heavily in your growth, you could be a perfect fit for Harris & Associates. IRVINE, Calif. -- (BUSINESS WIRE)-- Five Point Holdings, LLC ("Five Point" or the "Company") (NYSE:FPH) announced today the sale of additional homesites at its Valencia community, previously known as Newhall Ranch, and the line-up of homebuilders for the first phase of the community. threespine stickleback and the groundbreaking Net Zero Newhall It is bounded on the west by the Ventura County line and on the east by Interstate 5, which also marks the border with the neighborhood of Valencia in the city of Santa Clarita. greenhouse gas emissions, improve the health of families, and fight The project adequately protects homes with landscaping and construction techniques designed to fend off fires, the judge ruled. demonstrated that growing economically while addressing climate change car-share programs, and more, Energy efficient upgrades for schools and public buildings in master-planned communities, said Ikhrata, whose organization represents And wed prefer that a larger proportion of greenhouse gas emissions reductions be achieved on site, rather than with off-site offsets. Five Points 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. to conserve water. In the fourth quarter of 2020, the Company sold 487 homesites for a gross purchase price of $115 million. The Valencia project, on the other hand, isnt as prone to wildfires, said Rose, the attorney for the Center for Biological Diversity. Landmark Village will have 270 houses, 1,174 condos and apartments and just over 1 million square feet of shops and business space. To reach its net-zero goals, FivePoint plans to create neighborhood solar grids to supply power to all the homes, which will all have electric vehicle chargers in their garages. including a water reclamation plant that will recycle millions of countywide, Conserving ecologically valuable forestland, Reducing methane emissions from a California dairy farm, Funding a clean cook stove program in sub-Saharan Africa to reduce Development projects continue to be built in the unincorporated area. The judge said the companys plan would reduce auto emissions generated by the development by just 35%, contributing to global warming. historical matters are intended to identify forward-looking statements. [29][16] The plan includes converting nearly 20 miles (32km) of tributaries and riverbank into storm drains and levees and use 20,000,000 cubic yards (15,000,000m3) of excavated soil to fill in wetlands. That includes 2,000 electric vehicle charging stations throughout L.A. County and solar installations on homes in low-income neighborhoods in the region. On sprawling farmland and chaparral-covered foothills cradling Magic Mountain, earthmovers are carving out what some developers and environmentalists see as a new benchmark in the fight against climate change. It is also bordered by Castaic to the north, Val Verde to the west, and Stevenson Ranch to the south. The proposal will require re-approval by authorities at the State and Shipyard/Candlestick Point in the City of San Francisco. As the national consumer voice for In the midst of themeetings, FivePoint executives recalled,Haddad asked,What can we do to go to zero?. [2] The completion of Interstate 5 through the Santa Clarita Valley in 1967 provided an improved route south into the San Fernando Valley. 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Will the 21,500-home Newhall Ranch project be Californias greenest development? The space in this phase is expected to target healthcare providers, life science companies and life-style focused uses. Some environmentalists also question the validity of using carbon offsets to justify greenfield development outside existing urban boundaries. It continues sprawl development housing projects. [18][5], The city applied to LAFCO for similar large increases to the sphere of influence in 1991 and 2000. (Photo by David Crane, Los Angeles Daily News/SCNG), A view of the Landmark Village development, part of the 21,500-home Newhall Ranch project along the Santa Clara River in north Los Angeles County. Native American resources and the environment and allows one of the When you have people standing in traffic, it adds to greenhouse gas.. After changes had been made addressing the Supreme Court's concerns, the California Department of Fish and Wildlife certified the environmental impact report in 2017. I am grateful for this partnership of nearly two decades.. bob.wetenhall@fivepoint.com The judge found proposed mitigation measures would reduce greenhouse gases just 35%, rather than the 96% claimed by the developments EIR. FivePointSteve Churm | Chief Communications OfficerOffice: local communities, these projects will help Newhall Ranch reach its goal FivePoint Reaches Settlement on Newhall Ranch Development, http://www.businesswire.com/news/home/20170925006350/en/, Reducing the communitys footprint adjacent to the Santa Clara River The Five Point teams thoughtful innovation in the development of these new communities will be a model for the future. of net zero greenhouse gas emissions. [23] During the decades the development had been in planning, it faced legal actions, environmental concerns, and several changes in investors. In lieu of identifying direct emission reductions, people are looking for an escape value to buy their way out of compliance, and that sets a dangerous precedent, Capretz said. [19] The downstream impact and other effects also drew Ventura County officials and citizens into opposition to the project. Some of these risks and uncertainties are described in more detail in our filings with the SEC, including our Annual Report on Form 10-K, under the heading Risk Factors. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated, or projected. materialize, or should underlying assumptions prove incorrect, actual Board reviewed the technical analysis and concluded that Newhall Ranch Skip to main content. Francisco County. Two local environmental organizations 191 cities in six California counties. Longtime community leader and FivePoint executive Don Kimball took initiative to help preserve the Newhall Ranch House. (Photo by Dean Musgrove, Los Angeles Daily News/SCNG), Part of the Valencia FivePoint development looking from State Route 126 on Thursday, April 15, 2021. In his April 5 ruling, Beckloff agreed that Centennial doesnt have to be a net-zero project. Overview. Newhall Ranch will accelerate Orange County-based mega-developer FivePoint Communities, which has brought thousands of new homes to the master-planned community of Irvine and owns Newhall Ranch, says it will reach its. [49] The 479.3-acre (194.0ha) project is southwest of the junction of Interstate 5 and Highway 126.[50]. And the company has no plans to go net-zero. To ensure the most secure and best overall experience on our website, we recommend the latest versions of, Designing homes, commercial buildings and public facilities to meet The project will be net-zero producer of greenhouse gases, Orange County developer FivePoint Communities says. It features an open concept living area with 4 bedrooms, 4 bathrooms and a spacious loft upstairs. Connect more with your neighbors. Theyre using the right methodologies. emissions of greenhouse gases elsewhere in California and throughout the Pioneering Net Zero Newhall initiative incorporates sweeping On the drawing boards for almost three decades, the proposed 15,000-acre development lies 37 miles northwest of downtown Los Angeles, along the Santa Susana Mountains between the5 freeway andthe Ventura County line. More information about Net Zero Newhall and its expansive sustainability Environmental plans for the 19,333-home Centennial project on Tejon Ranch offset just 35% of its greenhouse gas emissions, a recent court ruling found. We will certainly do our fair share and probably then some to reduce overall GHG emissions related to Centennial, he said. Santa Clarita is the third-largest city in Los Angeles County and the expectations of our future revenues, costs and financial performance; region while protecting Native American resources, natural resources and and within L.A. County, as well as funding direct emissions reduction (File photo by David Crane/Los Angeles Daily News-SCNG). These measures will come at a cost, which makes it increasingly difficult to build houses that people can afford, which is at cross purposes with other state priorities.. [55] In the State Assembly, it is in the 38th district, represented by Steve Bennett (R).[56]. Reserve, which is widely regarded as North Americas largest and most For more than a decade, Jeff Collins has followed housing and real estate, covering market booms and busts and all aspects of the real estate industry. (Courtesy of FivePoint Communities), An artists rendering depicts what a town center in one the 4,055-home Mission Village and the 1,440-home Landmark Village, the first two of Newhall Ranchs nine developments. innovative Net Zero Newhall initiative commits the Newhall Ranch (Photo by Dean Musgrove, Los Angeles Daily News/SCNG), Part of the Tejon Ranch Centennial development looking north west from State Route 138, on Thursday, April 15, 2021. In addition, Beckloff ruled the companys plan to reduce wildfire risks is flawed because it only focused on measures within the project, ignoring off-site risks in an area thats highly vulnerable to fires because of heavy brush and steep slopes. result in no net emissions of greenhouse > Projects revenue, and meaningful relief for Southern Californias acute housing to Southern California.. For additional information, visit www.fivepoint.com. Newhall initiative by managing energy efficiency upgrade projects in good faith beliefs, they are not guarantees of future performance. The entire Santa Clarita Valley, including Valencia, is in the Fifth District of the Los Angeles County Board of Supervisors, represented by Kathryn Barger. (949) 349-1034 | Cell: (714) 914-0611steve.churm@fivepoint.com, Internet Explorer presents a security risk. Media: An artists rendering depicts what a town center in one of the first Newhall Ranch villages may look like. The greenhouse gas mitigation measures proposed for Tejon are far weaker than what was included in Newhall, said J.P. Rose, an attorney for the Center for Biololgical Diversity, one of the three environmental groups involved in the lawsuit over Centennials EIR. Email. water conservation measures will be implemented on the property, The brilliantly designed, master-planned community will make it easy to work, shop, and play close to . gallons of wastewater each day. FivePoint, based in Aliso Viejo, has major real estate holdings and developments in three of the most dynamic and supply-constrained markets along the California coast: Orange County, Los Angeles. Reserve will oversee a program where independent third parties will infrastructure and incentives. Harris & Associates is providing due diligence environmental and entitlement services to FivePoint Communities as it relates to the development of FivePoint Valencia (formerly Newhall Ranch) located in Santa Clarita, California. Thirty-five miles up the 5 freeway near the L.A. County line, the 12,300-acre Centennial project would consist of nearly 5,000 acres of residential development, plus 10.1 million square feet of development for business parks, commercial and civic development. ( Photo by David Crane, Los Angeles Daily News/SCNG), Matt Carpenter, FivePoints vice president of environmental resources, explains how Newhall Ranch will become a carbon neutral project. [25], The project straddles the Santa Clara River, one of the most dynamic river systems in southern California, with the planned area overlapping one of Los Angeles County's Strategic Ecological Areas program, which designates areas of "irreplaceable biological resources". Newhall committed to zero net energy for the project, while Tejon refused to do so.. would not result in any net additional GHG emissions after the By harnessing innovation and View source version on businesswire.com: https://www.businesswire.com/news/home/20210111005996/en/, Five Point Holdings, LLC