LANDSEA HOMES CLOSES ON 500 HOMESITES FOR A NEW COMMUNITY IN DUBLIN, CALIFORNIA

Rhea-AI Summary

Landsea Homes announced the acquisition of 500 homesites for a master-planned community, Dublin Centre, in Dublin, California. This project will be the largest in the Bay Area for Landsea Homes, featuring 500 High Performance Homes, including single-family homes and townhomes. Development is set to begin in 2024, with sales starting in late 2025. The community will include amenities such as a swim center, water park, and proximity to parks and schools. Homes will feature advanced smart home technology and air purification systems. Pricing details are yet to be announced.

Positive

• Acquisition of 500 homesites in Dublin, CA is the largest master-planned community for Landsea Homes in the Bay Area.
• Homes will feature High Performance Home features, including smart home automation and air purification systems.
• Amenities will include a swim center, water park, and proximity to parks and highly rated schools.
• Development is planned to start in 2024, with sales anticipated in late 2025, reflecting a clear timeline.
• Location offers urban-suburban mixed feel with access to multiple restaurants, coffee shops, and parks.
• Dublin Centre will cater to multigenerational living with LiveGen™ suites featuring first-floor bedrooms and optional kitchenettes.
• Proximity to major highways (Interstate 580 and 680) facilitates easy access to San Francisco, Oakland, and San Jose.
• Homes will utilize Apple HomeKit™ for smart home features, enhancing comfort and security for residents.
• Environmental features include the REME HALO® air purifier, significantly improving indoor air quality.

Negative

• Pricing details for the homes have not yet been announced, creating uncertainty for potential buyers.
• Sales are not expected to begin until late 2025, indicating a long wait period for buyers and investors.
• The initial investment required for such a large acquisition could impact Landsea Homes' short-term financials.

• Dublin Centre will feature 500 High Performance single-family homes and townhomes spread across 50 acres
• Landsea Homes bolsters presence in Bay Area's highly desirable East Bay with new ground-up master-planned community 

DUBLIN, Calif., May 23, 2024 /PRNewswire/ -- Landsea Homes Corporation (Nasdaq: LSEA) ("Landsea Homes" or the "Company"), a publicly traded residential home builder, announced today it has acquired 500 homesites for a new master-planned community called Dublin Centre in Dublin, California.

"Today's announcement is a huge milestone for Landsea Homes as it marks our largest master-planned community in the Bay Area, supporting our growth for this important region as we create a highly desirable community of new High Performance Homes," said Tom Baine, California Division President, Landsea Homes. "We look forward to seeing all those who will call Dublin Centre home and live in their element for years to come."

Located in East Dublin, Dublin Centre will feature 500 homes of various product types including single-family detached and attached townhomes with traditional and modern architecture styles. Select floorplans will feature LiveGen™ suites, ideal for multigenerational living with first-floor bedrooms and optional kitchenette's that function as buyers see fit.

Pricing will be announced at a later date. Development is slated to begin this year and sales are expected to begin in late 2025.

Residents of Dublin Centre will enjoy a large community swim center and water park, as well as a central gathering area. The community is adjacent to a planned entertainment district, close to Grand Paseo public park, Emerald Glen Park, Fallon Sports Park and within walking distance to several highly rated K-12 schools. Local walking and biking trails abound including the Iron Horse Trail.

Every home at Dublin Centre will contain Landsea Homes' renowned High Performance Home features including smart home automation technology utilized by the Apple HomeKit™ to make life at home healthier and more comfortable. The smart home automation features include an Apple® HomePod mini™, wireless access point, Wi-Fi enabled entry door locks, thermostat control, garage door opener control, light dimmer switches, a doorbell camera, and smart home activation via Best Buy's Geek Squad.

Homes will also contain the REME HALO® air purifier, a state-of-the-art product that mitigates indoor contaminants to keep residents safe and support healthy living by reducing airborne particles and air pollutants, killing up to 99% of bacteria, allergens, and odor.

Dublin is a highly desirable East Bay city located in Alameda County's Tri-Valley region. It is located close to Interstate 580 and Interstate 680, roughly 35 miles east of downtown San Francisco, 23 miles east of downtown Oakland, and 31 miles north of downtown San Jose.

Living in Dublin offers residents an urban and suburban mixed feel, with plenty of restaurants, coffee shops, and parks close by. The city is currently home to the headquarters for a multitude of companies including Sybase, CallidusCloud, Patelco Credit Union, Ross Stores, TriNet, Medley Health, and Arlen Ness Motorcycles, among others.

"Dublin is an ideal place to call home with its top-rated schools, shopping, dining, and outdoor recreation. Homes at Dublin Centre will provide buyers with a great overall quality of life," added Baine.   

Landsea Homes communities currently selling in Northern California include Alameda Marina in Alameda, Verandah in Novato, and Blossom at Baldwin Ranch in Patterson.

For more about Landsea Homes, visit: www.landseahomes.com.

About Landsea Homes Corporation

Landsea Homes Corporation (Nasdaq: LSEA) is a publicly traded residential homebuilder based in Dallas, Texas that designs and builds best-in-class homes and sustainable master-planned communities in some of the nation's most desirable markets. The company has developed homes and communities in New York, Boston, New Jersey, Arizona, Colorado, Florida, Texas and throughout California in Silicon Valley, Los Angeles, and Orange County. Landsea Homes was honored as the Green Home Builder 2023 Builder of the Year, after being named the 2022 winner of the prestigious Builder of the Year award, presented by BUILDER magazine, in recognition of a historical year of transformation.   

An award-winning homebuilder that builds suburban, single-family detached and attached homes, mid-and high-rise properties, and master-planned communities, Landsea Homes is known for creating inspired places that reflect modern living and provides homebuyers the opportunity to "Live in Your Element." Our homes allow people to live where they want to live, how they want to live – in a home created especially for them.  

Driven by a pioneering commitment to sustainability, Landsea Homes' High Performance Homes are responsibly designed to take advantage of the latest innovations with home automation technology supported by Apple®. Homes include features that make life easier and provide energy savings that allow for more comfortable living at a lower cost through sustainability features that contribute to healthier living for both homeowners and the planet.  

Led by a veteran team of industry professionals who boast years of worldwide experience and deep local expertise, Landsea Homes is committed to positively enhancing the lives of our homebuyers, employees, and stakeholders by creating an unparalleled lifestyle experience that is unmatched.  

For more information on Landsea Homes, visit: www.landseahomes.com.   

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SOURCE Landsea Homes

FAQ

What did Landsea Homes announce on May 23, 2024?

Landsea Homes announced the acquisition of 500 homesites for a new master-planned community, Dublin Centre, in Dublin, California, marking their largest project in the Bay Area.

What types of homes will Dublin Centre feature?

Dublin Centre will feature 500 High Performance single-family homes and townhomes with traditional and modern architecture styles.

When will development and sales begin for Dublin Centre?

Development is slated to begin in 2024, with sales expected to start in late 2025.

What amenities will Dublin Centre offer?

Dublin Centre will include a large community swim center, water park, and a central gathering area. It will be near several parks and highly rated schools.

What advanced features will the homes in Dublin Centre have?

Homes will feature smart home automation technology by Apple HomeKit™ and REME HALO® air purifiers, enhancing comfort and health.

Where is Dublin Centre located?

Dublin Centre is located in East Dublin, Alameda County's Tri-Valley region, close to Interstate 580 and 680.