Five Leading Homebuilders to begin construction in Valencia

FivePoint has announced five leading residential builders for the first phase of new homes in Valencia, one of the region's most innovative master planned communities. The roster of regional and national homebuilders includes: KB Home, Lennar, Richmond American, Toll Brothers and TRI Pointe Group. The first phase is set to include 1,268 homesites in 18 neighborhoods, with homes ranging from 775 to 3,680 square feet in size. About Valencia: Located on approximately 15,000 acres in Los Angeles County, FivePoint is building on the award-winning legacy of Valencia with a new community that will offer a mix of homes, offices, retail, and entertainment options! Valencia is also devoting 10,000 acres of open space to protect native habitat and honor its rich farming history. Valencia is planned to be among the first communities of its size to reach net zero greenhouse gas emissions, and is poised to become one of the most sustainable and environmentally friendly of its kind in the nation. About Five Point: Five Point, headquartered in Irvine, California, designs and develops large mixed-use 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. Five Point’s 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. These communities are designed to include approximately 40,000 residential homes and approximately 23 million square feet of commercial space.