NewHome Co.

New Home Co. Expands into Oregon and Announces First Two Neighborhoods in Prime Locations West of Portland

Monday, April 3, 2023

The homebuilder’s first division in the Pacific Northwest is led by veteran industry executive Fred Gast and a team with decades of placemaking experience in the region.

PORTLAND, Oregon (April 3, 2023) – New Home Co. today announced a strategic expansion into the Portland market with the opening of its Oregon division, its first in the Pacific Northwest.

Since its founding in 2009, New Home Co. has expanded throughout the western United States and has received countless industry awards recognizing its architectural excellence, thoughtful
design, land planning and customer service. The launch of its division in Oregon reflects New Home Co.’s commitment to strategic growth and scalable efficiency in building homes in the markets it serves.

Veteran homebuilding executive Fred Gast will lead the Oregon operations as partner and president. Prior to New Home Co., Gast served as a principal partner and Oregon division president of Polygon Northwest until the company was acquired by William Lyon Homes in 2014. Following the acquisition, he continued to lead the Oregon division for three more years while doubling the size of the business.

In his 20-plus years of experience, Gast developed four master-planned communities and thousands of homes, including an apartment portfolio of 2000+ units, townhomes, condominiums, and single-family homes. In addition, he is responsible for numerous mixed-use apartment projects in California and Oregon.

“Fred has a passion for transforming underutilized land into beautiful places and spaces where people want to live their lives, which has been apparent in every community that he’s been a part of developing,” said New Home Co. Chief Executive Officer, Matthew R. Zaist. “He brings with him a team of experts with decades of placemaking experience in Oregon and we are proud to have him as a partner as we expand in the region.”

New Home Co.’s first two neighborhoods in Oregon are well underway. At the popular master-planned community of River Terrace in Tigard, the company will offer two residential collections at Axiom : Townhomes and Single-Family Residences.

The townhomes will feature up to 1,592 square feet, priced from the low $400,000s. The single-family residences will offer up to 2,712 square feet of living space and priced from the high $500,000s.

In addition to the for-sale neighborhoods, which will be the final new homes in River Terrace, New Home Co. has thoughtfully designed and will build the River Terrace Towne Center, expected to emerge as the focal point of the masterplan. The Towne Center is planned to include shops, restaurants, and specialty businesses, and will be surrounded by approximately 200 luxury rental apartments.

The Vineyard by New Home Co. is taking shape alongside Cooper Mountain in the highly desirable community of Beaverton. With two view-oriented new-home offerings, The Vineyard will offer a mix of housing including townhomes and single-family homes. The two- and three- bedroom townhomes will feature up to 1,588 square feet, priced from the low $400,000s. The spacious single-family homes will offer up to 2,935 square feet and priced from the high $500,000s.

Located within immediate proximity of the brand-new Mountainside High School, residents of The Vineyard will have access to the award-winning Beaverton School District. Views of Mt. Hood and the Chehalem Mountains can be enjoyed through The Vineyard while access to popular outdoor recreation and retail centers will be easily enjoyed by future homeowners. “Our focus in Oregon will be on opportunities in growth markets where we will be rewarded for exceptional community planning, creative architecture and compelling value,” said Gast. “We will offer price points to serve every facet of the market, but more importantly, we have a vision guided by a seasoned team of professionals with an entrepreneurial spirit whose mission is to design communities that are second to none.”

For more information on New Home Co. and to join the interest lists for Axiom at River Terrace and The Vineyard at Cooper Mountain, visit NewHomeCo.com.

About New Home Co.

New Home Co. is a western regional builder and real estate development company headquartered in Irvine, Calif. It has divisions within select growth markets in California, Arizona, Colorado, and Oregon. New Home Co. is one of the most awarded homebuilders in the United States. It was named 2019 Builder of the Year by Professional Builder and is a multi-year recipient of “The Eliant” for providing the Best Overall Customer Experience in North America in the Eliant Homebuyers’ Choice Awards. New Home Co. has won hundreds of awards in the homebuilding industry for its design and planning excellence, dozens of “Community of the Year” awards, and was recognized five straight years for creating the best community or master plan in all the United States. For more information, visit NewHomeCo.com.

Media Contact: Mike Hoye
PSM Communication Arts | Public Relations
(310) 346-0845 (mobile) [email protected]

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