Press Release: Standard Pacific Homes Joins the Homebuilding Team at The Cannery in Davis, California
7 / 1 / 15

DAVIS, Calif. (July 1, 2015) – The New Home Company (“NEW HOME,” NYSE: NWHM) today announced the addition of Standard Pacific Homes to the homebuilding team for The Cannery, an innovative farm-to-table community located in Davis, Calif. Standard Pacific Homes joins NEW HOME and Shea Homes as builders within the community.

Standard Pacific Homes will build the residences within Beech, a neighborhood of 72 Court Homes. The homes at Beech will range from 1,710 to 2,674 square feet with up to four bedrooms and three- and one-half baths. Beech is expected to open in 2016.

NEW HOME, the master developer of The Cannery, plans an August Grand Opening and launch of home sales at the community’s first four neighborhoods built by NEW HOME and Shea Homes. These include:

Sage by The New Home Company
Sage is a neighborhood of 73 Park Homes with up to six bedrooms and five baths, ranging from 1,943 to 3,535 square feet. Residences include bonus rooms, covered porches, California room, and up to three-car garages with bike storage. One of the plans features a private suite option, and two plans feature optional covered balconies off the master bedroom.

Heirloom by The New Home Company
Heirloom will offer 72 Row Homes with up to four bedrooms and five- and one-half baths, ranging from 1,404 to 2,016 square feet. Featuring a row townhome design, Heirloom has primarily three-story arrangements, although one plan will be offered with two stories plus a loft as a third floor option. Each residence includes attached two-car garages with bike storage and direct access, as well as private decks or patios.

Tilton by Shea Homes
Tilton will be comprised of 76 Cottages with up to four bedrooms and three baths, ranging from 1,706 to 3,024 square feet. The cottage residences include attached two-car garages with bike storage and available curbside parking as well as ample outdoor living space with porch or deck. Two plans include a covered loggia/conservatory, another plan includes a library, and the majority of the residences feature opportunities for an independent, private quarter.

Persimmon by Shea Homes
Persimmon is a neighborhood of 44 Bungalows with up to five bedrooms and three- and one-half baths, ranging from 2,189 to 2,892 square feet. All of the bungalows include a porch, outdoor room, and an option of a carriage house above the garage.

“We could not be more pleased by the addition of Standard Pacific Homes to our team of builders at The Cannery,” said Kevin Carson, President Northern California for NEW HOME. “We’ve been very thorough in our approach to selecting our partners for The Cannery. Today we can say with confidence that we have some the finest companies in the business to help us deliver on our vision of creating a community unlike any other in the West.”

“We are delighted to partner with The New Home Company to be a part of The Cannery which represents a milestone in the evolution of Davis,” said Jon Nicholson, Sacramento Division President for Standard Pacific Homes. “The community’s refreshingly diverse architecture and thoughtful vision for community design create a unique lifestyle choice for Northern California home shoppers.”

In addition to residences, NEW HOME is developing numerous community amenities, including retail shops called The Cannery Village, a recreational center called The Ranch House, The Cannery Amphitheatre, The Farm House Welcome Center and the much anticipated Urban Farm. Viewed as a model of innovative design and sustainable living, The Cannery will be California’s first farm-to-table new home community. Through a collaborative effort with the Center for Land Based Learning, the Urban Farm will provide residents and local restaurants with fresh seasonal produce, including vegetables, fruits and nuts.

The Cannery has also been designed with alternative modes of transportation in mind, including 10 miles of bike trails and bicycle storage alcoves in every garage. A transit plaza in the southern portion of The Cannery has been designed as an outdoor gathering space with easy access to the neighborhood’s retail experience, and will feature covered bicycle parking and dedicated places to use and charge personal electronic devices. All of the homes, condominiums and apartments will be energy efficient and have built-in Livable Design™ features, and most of the landscaping in public areas will feature drought-tolerant vegetation.

For more information on The Cannery, please visit http://livecannerydavis.com/.

About The New Home Company
NEW HOME, one of California’s most active homebuilders, 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, including coastal Southern California, the San Francisco Bay area and metro Sacramento. In 2013, 2014 and 2015, NEW HOME was the recipient of “The Eliant” for Best Overall Customer Experience in the Eliant Homebuyers’ Choice Award’s multi-divisional builder segment. Most recently, NEW HOME was awarded the BIA Bay Area “Community of the Year” Award of Excellence for its master-planned community of Orchard Park in San Jose. For more information about the company or its current new-home offerings, visit www.NWHM.com.