After many months of thoughtful planning and design, Aliso Viejo-based The New Home Company (NEW HOME, NYSE: NWHM) announced today that construction is underway on 17 acres of land overlooking historic San Juan Capistrano where it will build a limited collection of 31 estate-style homes.
The community, called Oliva, is situated on a hillside enclave and is designed to embrace San Juan Capistrano’s signature Mission-style architecture, with residences ranging from approximately 3,900 to more than 5,300 square feet of living space. Oliva is anticipated to open in fall 2014 with prices expected to start from the mid-$1 millions.
Oliva’s streets will exude a classic European ambiance, highlighted by a discreet sense of privacy and exclusivity. The gated luxury community includes panoramic views of rural hillsides, foothills, and working ranches, as well as distant Pacific Ocean vistas.
“We’ve worked extremely hard with staff at the City of San Juan Capistrano and many of our neighbors to make Oliva a reality and we feel fortunate to have acquired such a special piece of land here,” said Tom Redwitz, chief operating officer for NEW HOME. “Classic yet sophisticated, Oliva will provide an inspiring, secluded haven in Southern California’s most historic and oldest city. These homes will add to the rich heritage of their location and we know that everyone in San Juan Capistrano will be proud of Oliva.”
Oliva is located on Del Obispo St. in San Juan Capistrano. Those interested in a new home at Oliva are encouraged to visit http://www.nwhm.com/neighborhood/oliva and sign up for the interest list to receive regular updates on the progress of the community.
NEW HOME, one of California’s most active homebuilders, recently became a publicly traded company. It launched its initial public offering on January 31, 2014 and is now trading stock on the New York Stock Exchange under the symbol “NWHM.”
