Customer Care

Investors / Press Release

The New Home Company Opens Unique Collection of Single-Story, Elevator-Served Residences at The Cannery in Davis, California

Company Release - 11/1/2018 12:00 PM ET

A Model Home Grand Opening for Gala, a neighborhood of 120 flats and the last for-sale homes to be built in California’s first farm-to-table new-home community, is set for November 10, 2018.

DAVIS, Calif.--(BUSINESS WIRE)-- The New Home Company (NEW HOME) (NYSE: NWHM) has announced the opening of Gala, the final collection of for-sale residences at The Cannery, California’s first farm-to-table new-home community, in Davis, California. Highlighted by single-level layouts with semi-private elevator access, Gala suits a variety of lifestyles from young couples and local professionals to empty nesters looking for a turn-key, low-maintenance home in a vibrant setting. A public Grand Opening and debut of model homes is set for November 10, 2018. Gala’s pre-opening sales campaign has already secured 26 homebuyers to date.

Built by NEW HOME and designed by Robert Hidey Architects, Gala offers a variety of floorplans ranging from 1,191 to 1,995 square feet with two to three bedrooms and two to two and one-half baths. Each residence features a private deck and offers direct access to a ground floor garage. Gala is situated in two of the most desirable areas of The Cannery with 48 of the flats set within the southwestern part of the community along The Cannery Loop Trail. The remaining residences are found in the southern part of The Cannery, near The Amphitheatre and Market Park. Prices at Gala begin in the mid-$400,000s.

“Gala represents the final chapter of what has been an incredible story for us at The Cannery, a community that has earned international media attention and top homebuilding industry awards for its thoughtful land plan and mix of residential offerings,” said Kevin Carson, Northern California President for NEW HOME. “From a design and price standpoint, there is nothing else like Gala in Davis and this is a product type that the market has been waiting for. We could not be more pleased with the initial sales success at Gala and expect it to continue after our highly anticipated Grand Opening.”

Since opening in the summer of 2015, more than 300 of the planned 457 for-sale residences have been sold at The Cannery. Three of the original neighborhoods—Heirloom by NEW HOME, Persimmon by Shea Homes and Beech by CalAtlantic Homes—are sold out. Sage by NEW HOME, a neighborhood of 73 Park Homes ranging from 1,943 to 3,702 square feet with up to six bedrooms and five baths, is nearing sell out with just three homes remaining. Sage is priced from the high $700,000s to the $1.2 millions.

Tilton by Shea Homes will soon release its final phase of Cottages that showcase up to five bedrooms and three baths, ranging from 1,706 to 3,024 square feet. Tilton is priced from the mid-$800,000s.

Those interested in Gala are encouraged to visit www.GalaNWHM.com to register and receive updates on community progress, future events and sales opportunities.

About The Cannery

The Cannery is an innovative mixed-used community designed with a seven-acre Urban Farm on the former Hunt-Wesson tomato cannery facility near the center of downtown Davis. The Cannery has been honored as Master-Planned Community of the Year by several premiere national and regional homebuilding industry awards. In addition to residences, The Cannery showcases numerous community amenities including a recreational center called The Ranch House, The Farm House Welcome Center, 2.5-mile loop trail, and the Urban Farm. For additional information on The Cannery and all of its new-home neighborhoods and community amenities, visit www.LiveCanneryDavis.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. Last year, NEW HOME was named the Fastest Growing Public Company in Orange County on a list published by the Orange County Business Journal.

The top ranking was based on NEW HOME’s 208% revenue growth over the previous two years. NEW HOME is a multi-year recipient of “The Eliant” for Best Overall Customer Experience in the Eliant Homebuyers’ Choice Awards. For two years in a row, NEW HOME was 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.

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

Source: The New Home Company

;