LANDSEA HOMES CLOSES ON 39 ADDITIONAL HOMESITES AT HUDSON IN PLACENTIA

Rhea-AI Summary

Landsea Homes (NASDAQ: LSEA) has closed on 39 new homesites to expand its Hudson community in Placentia, Orange County, California. The new townhomes, ranging from 775 to 1,365 square feet, will be built at the intersection of Lakeview Loop and Veterans Way.

The gated community features row and back-to-back townhomes with a Dutch woonerf design concept, emphasizing pedestrian and cyclist-friendly spaces. All homes will include High Performance Home features with Apple Home™ smart automation technology, including Apple TV, wireless network, smart locks, thermostat control, and other smart home features activated by Best Buy's Geek Squad.

The development includes outdoor common areas with bench seating and BBQ grills. Located in Placentia, the community offers easy access to entertainment venues, dining options, and major highways 55, 57, and 91.

Positive

• Strategic expansion of existing successful Hudson community
• Location in prime Orange County region with strong buyer demand
• Inclusion of high-end smart home technology features
• Diverse home size range (775-1,365 sq ft) targeting multiple buyer segments

Negative

• None.

Insights

Real Estate Market Analyst

The acquisition of 39 additional homesites in Placentia represents a strategic expansion in Orange County's competitive housing market. The timing is particularly favorable as Landsea Homes capitalizes on the success of their existing Hudson community, which has nearly sold out. The development's location in North Orange County, combined with its proximity to major highways and entertainment venues, positions it well for strong demand.

The product mix, ranging from 775 to 1,365 square feet, targets a diverse buyer pool while addressing the critical need for attainable housing in Orange County. The Dutch woonerf design concept differentiates this development from traditional townhome communities, potentially commanding premium pricing. The inclusion of high-performance home features and smart technology integration adds significant value proposition, particularly appealing to tech-savvy first-time homebuyers.

Think of this expansion as adding inventory to a hot restaurant that's consistently fully booked - it's a calculated move to meet proven demand while maintaining momentum in a key market. The development's scale and timing suggest positive implications for Landsea's revenue stream in the Orange County market.

Urban Development Specialist

The Hudson extension exemplifies smart urban infill development, maximizing land use efficiency while creating pedestrian-friendly spaces. The woonerf concept, rarely implemented in Southern California developments, creates a unique selling proposition by prioritizing community interaction and sustainable transportation modes. This approach aligns with evolving consumer preferences for walkable, community-oriented developments.

The strategic location near three major highways (55, 57 and 91) enhances the development's appeal to commuters, while proximity to cultural and entertainment destinations adds lifestyle value. The modest unit sizes and modern amenities package positions this development to capture the growing demographic of young professionals and small families seeking attainable housing options in premium locations.

For context, imagine transforming a traditional car-centric development into a European-style neighborhood where streets become social spaces - it's a paradigm shift in suburban development that could influence future projects in the region.

New townhomes will offer affordable high-quality housing in desirable region of Orange County

PLACENTIA, Calif., Jan. 9, 2025 /PRNewswire/ -- Landsea Homes Corporation (Nasdaq: LSEA) ("Landsea Homes" or the "Company"), a publicly traded residential homebuilder, announced today that it has closed on 39 new homesites, which will serve as an extension of its existing Hudson community in Placentia in North Orange County, California.

Hudson is a gated community of row and back-to-back townhomes that emulate a Dutch woonerf design concept which embraces the idea of a "living street" between the buildings with room for pedestrians and cyclists. Development has already begun on these 39 new homes, which will be located at the intersection of Lakeview Loop and Veterans Way.

"Our existing homes at Hudson are wildly popular with Southern California homebuyers. We're down to our final homes there so this land deal comes at an ideal time. We're bringing additional opportunities for buyers of all stages – from first-time and move-up buyers to growing families - the opportunity to own in a prime region of Orange County," said Tom Baine, California Division President, Landsea Homes.

The new townhomes will range from 775 to 1,365 square feet. Pricing will be announced at a later date.

All homes will be equipped with Landsea Homes' High Performance Home features, including smart home automation technology utilized by the Apple Home™ environment. The smart home automation features include an Apple TV, wireless network Internet throughout the home, entry door locks, thermostat control, garage door opener control, light dimmer switches, doorbell camera pre-wire, and smart home activation with Best Buy's Geek Squad.

Amenities within the community include outdoor common areas with bench seating and a BBQ grill that can be enjoyed by residents.

Placentia features quick and easy access to prime entertainment, eating and sporting venues, and is minutes from downtown Yorba Linda. Other nearby options include the award-winning Anaheim Packing District for dining, Angels Stadium and Honda Center for sports fans, upscale hip downtown areas such as Old Towne Orange and Downtown Fullerton and, of course, Disneyland. With highways 55, 57 and 91 nearby, commuting is convenient.

"Placentia is a desirable place to live with its well-maintained parks, thriving entertainment and great schools," added Baine. "We're excited to expand our footprint in this growing and popular city in Orange County."

For more information about Hudson, visit: https://landseahomes.com/southern-california/orange-county/placentia/hudson/ 

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

How many new homesites is Landsea Homes (LSEA) adding to Hudson in Placentia?

Landsea Homes is adding 39 new homesites to its Hudson community in Placentia, Orange County.

What is the size range of the new townhomes at Hudson by LSEA?

The new townhomes will range from 775 to 1,365 square feet.

What smart home features are included in LSEA's Hudson development?

The homes include Apple Home™ technology with Apple TV, wireless network, smart locks, thermostat control, garage door opener control, light dimmer switches, and doorbell camera pre-wire.

Where is LSEA's Hudson development located in Placentia?

The new homes will be located at the intersection of Lakeview Loop and Veterans Way in Placentia, Orange County.

What amenities are offered at LSEA's Hudson community in Placentia?

The community features outdoor common areas with bench seating and a BBQ grill for residents.