The New Home Company Announces Major Milestones at Russell Ranch in Folsom, California
November 11 2019 - 10:30AM
Business Wire
NEW HOME brings national award-winning
approach to planning and design to highly anticipated
master-planned community; announces builders of the initial
residential collections.
After years of thoughtful planning, design and development, The
New Home Company (NEW HOME, NYSE: NWHM) announced today that
construction is underway on the first homes in Russell Ranch, its
master-planned community set in the rolling hills of Folsom,
California.
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the full release here:
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Aerial View of Russell Ranch Site
Development (Photo: Business Wire)
NEW HOME also announced the selection of the first builders at
Russell Ranch. The Company will be joined by Anthem United and
Meritage Homes in building the initial three neighborhoods,
totaling 317 single-family homes, set to open in early 2020.
Russell Ranch, which is part of the greater Folsom Plan Area,
has plans for approximately 1,025 homes. As master developer, NEW
HOME is bringing the same vision and approach to land planning and
design that has earned it “Master-Planned Community of the Year”
and related architectural excellence awards for The Cannery in
Davis, McKinley Village in Sacramento and multiple other
neighborhoods throughout California.
Russell Ranch has been designed to respect the natural
topography of the land, presenting breathtaking views to the west
and south from future residences. The community is located south of
Highway 50, east of Placerville Road, and north of White Rock Road
within the Folsom City limits. Rooted in the historical
authenticity and natural beauty of Folsom, Russell Ranch’s first
four neighborhoods will feature traditional single-family and court
homes in varying styles.
NEW HOME will build Silver Crest, 108 single-family detached
homes designed by Woodley Architectural Group and ranging from
approximately 2,626 to 3,502 square feet with three to five
bedrooms and up to four and one-half baths. Silver Crest will offer
beautiful single- and two-story residences and three elevations,
including California Villa, California Wine Country and Modern
Pacific.
Anthem United has been selected to build Iron Ridge, a
collection of 95 single-family detached homes designed by Woodley
Architectural Group. The one- and two-story residences will range
from approximately 1,779 to 2,953 square feet with two to five
bedrooms and up to four and one-half baths. Iron Ridge will be
offered in four distinct floorplans featuring three beautiful
elevations such as Spanish Eclectic, Modern Farmhouse and
California Prairie.
Meritage Homes will build Steel Canyon, a neighborhood of 114
single-family court homes. Steel Canyon will feature two-story
detached residences designed by JZMK Partners with private rear
yards in a six-pack cluster configuration. The homes will range
from approximately 1,800 to 2,123 square feet with three bedrooms
and two and one-half baths. Two of the plans have an option for a
fourth bedroom and third bathroom, and each plan includes a Great
Room and kitchen island for casual dining. All three plans showcase
three elevations, including California Craftsman, Transitional
Bungalow and California Cottage.
“We are so pleased to have Anthem United and Meritage Homes on
our team of builders at Russell Ranch,” said Kevin Carson, Northern
California President for NEW HOME. “We’ve worked extremely hard to
contribute an innovative living concept that will provide new and
vital housing opportunities to the region. We’d like to thank the
City of Folsom, its residents and our development partners for
helping us make this a place that so many will be proud to call
home.”
Future residents of Russell Ranch will experience breathtaking
views from many of the homes, public open spaces, trails and the
community’s private clubhouse. Amenities within Russell Ranch will
include nearly 10 miles of bicycle and pedestrian trails with
pet-rest stations, a future 10-acre neighborhood park, and a future
elementary school site. The clubhouse will feature indoor and
outdoor amenities that will provide a setting for neighborhood
gatherings, recreation and fitness activities, as well as
entertainment and dining.
An interest list for Russell Ranch is now forming at
www.LiveRussellRanch.com.
About The New Home
Company
NEW HOME is a publicly traded company listed on the New York
Stock Exchange under the symbol “NWHM.” It is a new generation
homebuilder focused on the design, construction and sale of
innovative and consumer-driven homes in major metropolitan areas
within select growth markets in California and Arizona, including
coastal Southern California, the San Francisco Bay area, metro
Sacramento and Phoenix. NEW HOME is a multi-year recipient of “The
Eliant” for Best Overall Customer Experience in the Eliant
Homebuyers’ Choice Award’s multi-divisional builder segment. NEW
HOME was twice named to the Inc. Magazine Founders 40 list,
recognizing public companies that have maintained a strong
entrepreneurial spirit. For more information about the company or
its current new-home offerings, visit www.NWHM.com.
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Mike Hoye Paolucci Salling & Martin Communication Arts |
Public Relations (310) 346-0845 (mobile) or
mhoye@PSMCommArts.com
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