The New Home Company Announces Major Milestones at Russell Ranch in Folsom, California
After years of thoughtful planning, design and development, The New Home Company (NEW HOME, NYSE: NWHM) announced today that construction is underway on the first homes in Russell Ranch, its master-planned community set in the rolling hills of Folsom, California.
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Aerial View of Russell Ranch Site Development (Photo: Business Wire)
NEW HOME also announced the selection of the first builders at Russell Ranch. The Company will be joined by Anthem United and Meritage Homes in building the initial three neighborhoods, totaling 317 single-family homes, set to open in early 2020.
Russell Ranch, which is part of the greater Folsom Plan Area, has plans for approximately 1,025 homes. As master developer, NEW HOME is bringing the same vision and approach to land planning and design that has earned it “Master-Planned Community of the Year” and related architectural excellence awards for The Cannery in Davis, McKinley Village in Sacramento and multiple other neighborhoods throughout California.
Russell Ranch has been designed to respect the natural topography of the land, presenting breathtaking views to the west and south from future residences. The community is located south of Highway 50, east of Placerville Road, and north of White Rock Road within the Folsom City limits. Rooted in the historical authenticity and natural beauty of Folsom, Russell Ranch’s first four neighborhoods will feature traditional single-family and court homes in varying styles.
NEW HOME will build Silver Crest, 108 single-family detached homes designed by Woodley Architectural Group and ranging from approximately 2,626 to 3,502 square feet with three to five bedrooms and up to four and one-half baths. Silver Crest will offer beautiful single- and two-story residences and three elevations, including California Villa, California Wine Country and Modern Pacific.
Anthem United has been selected to build Iron Ridge, a collection of 95 single-family detached homes designed by Woodley Architectural Group. The one- and two-story residences will range from approximately 1,779 to 2,953 square feet with two to five bedrooms and up to four and one-half baths. Iron Ridge will be offered in four distinct floorplans featuring three beautiful elevations such as Spanish Eclectic, Modern Farmhouse and California Prairie.