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The New Home Company Set to Open Two Neighborhoods at Esencia in Rancho Mission Viejo

Company Release - 11/2/2017 12:02 PM ET

Grand Opening of model homes at Azure and Cobalt in Esencia’s newest village of NorthWalk is planned for November 12.

ALISO VIEJO, Calif.--(BUSINESS WIRE)-- Recently named the fastest growing public company in Orange County, The New Home Company (NEW HOME) (NYSE: NWHM) announces its first two neighborhoods in the master-planned community of Esencia at Rancho Mission Viejo. A Grand Opening for the model homes at Azure and Cobalt—both located in Esencia’s newest village of NorthWalk—is set for Sunday, November 12, 2017.

Azure is comprised of two-story attached residences with contemporary townhome designs by Bassenian Lagoni Architects. The neighborhood offers a wide array of floorplans ranging from 683 to 1,723 square feet with one to three bedrooms and one to two and one-half baths. An intimate collection of 10 of the smallest homes are priced from the high $300,000s with the remaining 69 residences priced from the mid $400,000s.

Cobalt, also designed by Bassenian Lagoni, showcases a range of three floorplans, many with optional loft spaces rare in similarly sized homes. The residences range from 1,228 to 1,659 square feet with two to three bedrooms and two and one-half baths. Cobalt, featuring a total of 72 paired homes, is priced from the mid $500,000s.

“We’re pleased to present these two neighborhoods of attainably priced homes in a community that has taken its place among the finest in south Orange County,” said Joan Marcus-Colvin, Chief Marketing Officer for NEW HOME. “Azure and Cobalt are ideal for local first-time buyers, empty nesters and growing families whose children will attend nearby schools in the acclaimed Capistrano Unified School District. Both neighborhoods will foster social connectivity and our residents will enjoy all of the recreational amenities that Esencia at Rancho Mission Viejo has to offer.”

Those interested in a new home at Azure are encouraged to visit www.AzureNWHM.com to register and receive updates on community progress, future events and sales opportunities; and those interested in Cobalt can visit www.CobaltNWHM.com for more information.

Named for its location along the northern-most point of Esencia’s approximately 890 acres, the new NorthWalk Neighborhoods will offer backcountry panoramas and walkable pathways linking neighborhoods to The Backyard, a new 5.5-acre linear park dotted with an eclectic mix of amenities including a zip line, outdoor lounge with seasonal and special event bar, backyard tool-sharing shed, children’s play yard, and so much more. In addition, NorthWalk is planned to include a sports park with multiple athletic fields as well as an approximately 50-acre commercial center with retail shops and services, restaurants, and professional and medical offices.

The amenities of NorthWalk will join a long list of recreational and social facilities already open for Rancho Mission Viejo residents to enjoy, including clubhouses, swimming pools and spas, community farms, water splash zones, picnic/grilling pavilions and event rooms with kitchens, a fully equipped fitness center, seasonal/special event bars, an adventure play park, miles of multi-use trails, tot lots, bocce ball and pickle ball courts, fire pits, a putting green, gardens and patio gathering places, a scenic oak canyon preserve and the Canyon Coffee coffeehouse.

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. In 2017, NEW HOME won a total of 22 Eliant Awards, the highest number earned by a home builder in this year's competition. For two years in a row, NEW HOME has been named to the Inc. Magazine Founders 40 list, recognizing newly 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.

Paolucci Salling & Martin Communication Arts
Mike Hoye
Public Relations
(310) 346-0845 (mobile)
mhoye@PSMCommArts.com

Source: The New Home Company