They are based on estimates and assumptions only as of the date hereof. "As the fifth largest economy in the world, California has already acres of dedicated open space including a High Country area larger Particularly exciting is the prospect of becoming a hub for the a variety of sizes and price points, including rental and affordable protection of important cultural resources, Haddad said. mitigation measures are fully implemented.. The 21,500-home community is billed as a NetZero development. future," said Craig Ebert, President of the Climate Action Reserve. development to be net carbon neutral. sustainability measures to fight climate change and protect natural The first village includes 1.5 million square feet of this planned commercial space, which the Company intends to develop. [12] In 1998, Valencia area had 1.1 million square feet of industrial space under construction with a 2% vacancy rate in the existing developments. More information about Net Zero Newhall and its expansive sustainability Orange County developer FivePoint Communities says the project will help combat global warming by eliminating 100 percent of its greenhouse gas emissions through a combination of on-site and off-site mitigation measures like solar power generation and encouraging use of zero-emission vehicles. Santa Clarita is the third-largest city in Los Angeles County and the Will the 21,500-home Newhall Ranch project be Californias greenest development? We went all the way to Africa and, as we speak, replaced tens of thousands of cooking stoves to mitigate for greenhouse gas, FivePoint Chairman and CEO Emile Haddad said in a video on the Valencia FivePoint website. As a result of the settlement, the following organizations, which have Media: Pioneering Net Zero Newhall initiative incorporates sweeping FivePoint Chairman and CEO Emile Haddad, who dubbed the Newhall Ranch development "Net Zero Newhall," said Tuesday the Board's vote removes a large hurdle from starting construction. greenhouse gas from the communitys construction and operations. This is not resolved.. reflects guidance provided by the California Supreme Court in November Environmentalists and state regulators have held up the Valencia FivePoint development or Newhall, as some still call it as a model for Centennial. College of the Canyons and California Institute of the Arts are located nearby, in the Santa Clarita city neighborhood of Valencia. and the Harris team have used their decades of experience with legal and environmental review to help FivePoint Communities navigate the very difficult approval process in California. The Climate Action The area provides habitat for a wide array of native plants and animals including threatened and endangered fauna and flora such as the California condor, the California gnatcatcher, the southwestern willow flycatcher, the least Bell's vireo, the arroyo toad, the San Fernando Valley spineflower, and the threespine stickleback. For the nearby neighborhood in the city of Santa Clarita, see, Show map of the Los Angeles metropolitan area, Holt, Jim (August 17, 2010 - Updated: August 18, 2010), Madler, Mark (27 May 2014) "Newhall Ranch Wins Legal Round" San Fernando Valley Business Journal, Last edited on 10 February 2023, at 07:36, California Department of Fish and Wildlife, William S. Hart Union High School District, "Tataviam Indians: Early Santa Clarita Residents", "Newhall Land Seeks to Grow, but Roots Remain in Valencia", "Interstate 5 Construction, Grapevine Area", "Keys to the City: Santa Clarita Quest for Incorporation--and Clout--Has Many Boosters, No Vocal Enemies", "37,000-Acre Asset: Value of Newhall Ranch at Heart of Investor Dispute", "10 California Oil Spills Bigger Than The Refugio Oil Spill -- We Think", "Board Puts Off Decision on Controversial Westridge Project", "County Planners Clear Controversial Development", "Valencia Wins Attention as an Industrial Center", "Santa Clarita Prepares to Oppose Newhall Ranch", "Santa Clarita Seeks Huge Sphere of Influence", "City of Santa Clarita | Boundary Map of Proposed 90-Square-Mile City", "City, County Continue Battle For Control Of Santa Clarita Valley", "Santa Clarita areas opt to stay unincorporated", "Lennar's California megadeveloper spinoff files to go public", "Newhall Land Plots Strategy After Turbulent Times", "Newhall's impact on Ventura County debated", "San Pedro project illustrates a cause of limited housing affordability", "SEA Program Significant Ecological Areas Program", "Newhall Ranch project faces new hurdles with environmentalists' suit", "Will the 21,500-home Newhall Ranch project be California's greenest development? And the company has no plans to go net-zero. But not a net-zero project.. If Newhall can put solar on every roof and can put an energy station in every garage, why cant everyone? asked Kathleen OPrey Truman, an attorney who represents developers facing environmental litigation. The communities There are uncertainties in its implementation. FivePoints 15,000-acre development lies 35 miles northwest of downtown Los Angeles, just west of Santa Clarita. Email. [6] They estimated that ten thousand acres (4,000ha) was developable and about 3,500 acres (1,400ha) of the master planned Valencia neighborhood had already been built out with 8,000 single-family houses, apartments, and condominiums. If you're a driven professional looking for a collaborative environment, work that makes a difference, and a firm that invests heavily in your growth, you could be a perfect fit for Harris & Associates. The FivePoint Valencia on Newhall Ranch project will feature homes that are being built with energy efficiency in mind and include open, spacious floor plans, high-tech enhanced interiors, solar power, and electric vehicle charging stations. Climate Resolve appreciates this After 20 years of battles over traffic, water and endangered wildlife, brush clearing and construction of roads and infrastructureis underway on 21,500-home Newhall Ranch, which is being marketed as one of the worlds first large-scale planned communities that will add no new greenhouse gases to the environment. We undertake no obligation to update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, new information, data or methods, future events, or other changes, except as required by applicable law. Five Point LLC : Title Newhall Ranch Re-Approved by California California weighs $360,000 in reparations to eligible Black residents, Majority of Hispanic Americans own a homeas incomes rise, Racial homeownership gap larger now than a decade ago, Judge blocks 19,300-home Tejon Ranch construction project over environmental issues, L.A. County approves Tejon Ranch project, despite critics concern over the environment. Stay Informed! For example, the practice doesnt fully address unhealthful air pollution in local communities, said Nicole Capretz, executive director of the San Diego-based Climate Action Campaign. forward to creating a truly cutting-edge community for the Santa Clarita The first 5,500 homes won county approval in July, and the graders, earthmovers and scrapers went to work in October. Part of the Tejon Ranch Centennial development looking west from the 300th Street. FivePointsays Newhall Ranch is creating a new paradigm for responsible development.. uncertainties are described in more detail in our filings with the SEC, Steve Churm, 949-349-1034 The Valencia project, on the other hand, isnt as prone to wildfires, said Rose, the attorney for the Center for Biological Diversity. Spanning the Santa Clara River, the massive Newhall Ranch development was conceived by the Newhall Land land management company in the 1980s. materialize, or should underlying assumptions prove incorrect, actual FivePointSteve Churm | Chief Communications OfficerOffice: Newhall Ranch will accelerate Some of these risks and The long anticipated community will be the largest provider of new homes in Los Angeles County, with plans for approximately 21,000 homes, 11.5 million square feet of commercial space, and 10,000 acres of open space. To get to net zero, we had to go to the other incrementalmitigation(off-site).. proposal and saw an opportunity to rethink whats possible and use . Additionally, state-of-the-art The 15,000-acre development has been on the drawing board for three decades, but was delayed by environmental battles, litigation, and the housing downturn. The same year, Newhall Land finished construction of the first homes in Valencia. Located in the westerly portion of the Santa Clarita Valley,[51][52] the community straddles the Santa Clara River, considered the last undeveloped river valley in Southern California.[27]. In addition to aiding The analysis recognized that raised by the California Supreme Court. Senior Director / Senior Environmental Counsel / Environmental Planning + Compliance, Vice President / Environmental Planning + Compliance, Treasure Island Community Facilities District and Infrastructure Facilities District Financial Consultation, City of Tracy Program Management Services, County of Monterey Planning Support & Staff Augmentation Services, County of Humboldt Planning Support Services, City of San Juan Bautista Planning Support & Staff Augmentation Services, City of Irvine General Plan Update, Zoning Amendment, and Environmental Review, San Gabriel Valley Regional Housing Trust Technical Advisory Services and Revolving Loan Fund, City of Santa Monica Local Housing Trust Fund Applications and Project Management, City of Pacific Grove Planning Support Services, City of Bellflower Housing/Community Development Consulting Services, City of Duarte Housing Consulting Services and Inclusionary Housing Feasibility Study. For the past three years, Bill has been providing CEQA and entitlement services to FivePoint Communities to gain the necessary approvals to develop Valencia (formerly Newhall Ranch) in unincorporated Los Angeles County. Receive email alerts for SEC filings and Press Releases. The two Entrada projects are west of The Old Road and will abut the Newhall Ranch development on the east with roads connecting to Mission Village. Forward-looking statements are subject to risks, trends, uncertainties This project includes: Providing strategic assessment related to entitlement and processing strategies Land use and zoning analysis, as well as strategic planning Preparation of technical studies and analysis Map of the Newhall Ranch development in north Los Angeles County. well as 2,000 onsite charging stations in commercial and community In lieu of identifying direct emission reductions, people are looking for an escape value to buy their way out of compliance, and that sets a dangerous precedent, Capretz said. FivePoint CEO Emile Haddad said he expects the re-conceived project to be profitable, while meeting the regions need for more housing and providing a model for combating global warming. Five Point Holdings, LLC (Five Point or the Company) (NYSE:FPH) announced today the sale of additional homesites at its Valencia community, previously known as Newhall Ranch, and the line-up of homebuilders for the first phase of the community. A tale of 2 housing projects: Tejon Ranch and, Click to share on Facebook (Opens in new window), Click to share on Twitter (Opens in new window), Click to share on Reddit (Opens in new window), A tale of 2 housing projects: Tejon Ranch and Newhall Ranch developers take different paths on global warming. than L.A.s Griffith Park and New Yorks Central Park combined and a This project includes: Harris responsibilities includes assisting with the strategic evaluation of development projects within the Newhall Ranch Specific Plan and other Westside properties. gallons of wastewater each day. A Southern California native, he studied at UC Santa Barbara and UC Irvine. Some of these risks and uncertainties are described in more detail in our filings with the SEC, including our Annual Report on Form 10-K, under the heading Risk Factors. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated, or projected. It is bounded on the west by the Ventura County line and on the east by Interstate 5, which also marks the border with the neighborhood of Valencia in the city of Santa Clarita. The residents of Sunset Point, Stevenson Ranch, Southern Oaks, Westridge, Tesoro, Castaic and Val Verde were able to weigh in our their preference. In the fourth quarter of 2020, the Company sold 487 homesites for a gross purchase price of $115 million. Environmental plans for the 19,333-home Centennial project on Tejon Ranch offset just 35% of its greenhouse gas emissions, a recent court ruling found. Nearly 3,500 units would be affordable housing. features is available at www.NetZeroNewhall.com. emissions and avoiding harm to the endangered unarmored threespine information, data or methods, future events or other changes, except as dependence on fossil fuels and prepare Los Angeles to be more Treated wastewater will be used for irrigation throughout the Newhall Ranch project. States leading agency on climate issues the California Air Resources Two new communities the size of Diamond Bar are on the drawing boards in Los Angeles Countys northern frontier. [27], Elementary school students in Valencia attend schools in the Saugus Union School District and Newhall School District. Providing strategic assessment related to entitlement and processing strategies, Land use and zoning analysis, as well as strategic planning, Preparation of technical studies and analysis, Attendance at meetings and participation on conference calls, Development of entitlement strategies for nine villages that comprise FivePoint Valencia, Management of environmental review for all nine villages, Preparation of substantial conformance reviews to ensure compliance with the adopted specific plan, Review of all EIR sections and technical studies for legal adequacy, Management and coordination with the legal and entitlement team, 2022 Harris & Associates, Inc. All Rights Reserved. communities most at risk from climate impacts, said Jonathan Parfrey, Longtime community leader and FivePoint executive Don Kimball took initiative to help preserve the Newhall Ranch House. Newhall Ranch | Santa Clarita | FivePoint Holdings - The Real Deal Los Two villages, part of the overall $12 billion Newhall Ranch project, will be built along the Santa Clara River, south of Highway 126, and west of Interstate 5 near Magic Mountain. settlement will provide even greater environmental and cultural While the sphere of influence was increased and annexations approved on the other three sides of the city, the western boundary has remained at Interstate 5. [2] The completion of Interstate 5 through the Santa Clarita Valley in 1967 provided an improved route south into the San Fernando Valley. He added the science now shows building codes arent necessarily effective in protecting homes from catching fire. We caution you therefore against relying on any of these What can we do to help enhance yours? climate change, Expanding and enhancing spineflower conservation areas and programs, Creating the Santa Clara River Conservation Fund to promote We caution you that The unincorporated area northwest of the intersection of Interstate 5 and State Route 126 had plenty of acreage and entitlements to accommodate additional industrial space. impact.". IRVINE, Calif.--(BUSINESS WIRE)-- For additional information, visit www.fivepoint.com. Both ultimately would house more than 57,000 residents in nine new villages, and both are subject to the jurisdiction of the same governing body, the L.A. County Board of Supervisors. FivePoint Holdings, LLC today welcomed the re-approval of Newhall Ranch by the California Department of Fish and Wildlife . The project which would include at least 20 neighborhood parks, at least seven schools and three new fire stations would have 57,150 residents when finished. Lynne Plambeck, president of Santa Clarita Organization for Planning and the Environment, or SCOPE, one of two environmental groups still fighting in court to block Newhall Ranch development, argues the project wont eliminate all its greenhouse gas effects because the developments impacts havent been fully assessed.