L.A. County Gives Final OK to 2nd Phase of Newhall Ranch
Tuesday, October 25, 2011 at 3:36PM The L.A. County Board of Supervisors on Tuesday gave the final approvals for Mission Village, the second phase of the Newhall Ranch project west of Santa Clarita. Lennar Corp., which owns the property, expects to break ground for the first phase, Landmark Village, early next year.
The Board's action is the latest step in a 15-year process compounded by litigation by environmental groups to obtain entitlements for the project. Lennar plans to build 4,000 homes in Mission Village and another 270 homes and more than 1,100 condos in Landmark Village. In all, more than 20,000 homes are expected to be built in the master-planned community. Here's the L.A. Times account and the Santa Clarita Signal story.
And speaking of Newhall Ranch, Steve Zimmer, who as executive VP for Newhall Land and then Lennar shepherded the project for 11 years until his recent retirement, announced recently that he has joined the real estate and business law firm of Gilchrist & Rutter, PC as Of Counsel. Zimmer will also continue to serve as a consultant to Lennar on the project.
You can read the full press release here.
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