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Landsea Homes Say Acquires 182 Waterfront Homesites In Alameda, Calif.; Prices Not Disclosed

Landsea Homes Corporation (NASDAQ:LSEA) ("Landsea Homes" or the "Company"), a publicly traded residential homebuilder, announced today the acquisition of 182 homesites at the Alameda Marina

05/10/2021 08:52

Landsea Homes Corporation (NASDAQ:LSEA) ("Landsea Homes" or the "Company"), a publicly traded residential homebuilder, announced today the acquisition of 182 homesites at the Alameda Marina master-planned community in Alameda, California that will celebrate the regions historic Marina Waterfront.

"Landsea Homes is thrilled to be a part of Alameda Marina's renovation that will merge the regions maritime history with mixed-use and a residential district," said Josh Santos, Northern California Division President, Landsea Homes. "It's a new way to look at island life and we are excited to create homes to spotlight everything the area has to offer, along with bringing our modern and quality high performance homes to a new city in the Bay Area for us."

Landsea Homes will offer a total of 182 townhomes for sale in two different neighborhoods.

The first neighborhood, called Island View, includes 98 homes with seven different floor plans ranging from 1,462 square feet to 2,386 square feet. Each home will feature an outdoor porch and deck, and select floor plans will offer private roof top deck space with expansive views of the marina.

Waterside, the second neighborhood, will include 84 homes with four floor plans ranging from 2,138 square feet to 2,689 square feet. This collection will offer four bedrooms and three-and-a-half to four bathrooms. Each home in this neighborhood will boast a private roof top deck space with a waterfront view.

For more than a decade, the City of Alameda has developed a series of aligned planning initiatives to redevelop the Northern Waterfront and to transform it from industrial uses into a mixed-use and residential district. The city specifically designated the Alameda Marina for mixed-use redevelopment, as well as multifamily housing.

Sales are expected to begin for Landsea Homes' "island" inspired homes in summer 2022. Soon residents will have access to bike trails, walking paths, paddleboat opportunities, waterfront dining and outdoor activities.

Additionally, 15 percent of the homes created by Landsea Homes will be offered under the county of Alameda's affordable housing program.

Alameda is located about 12 miles from Oakland, 18 miles to San Francisco and boasts a robust park system, shopping, restaurants, outdoor recreation, and spectacular views of its neighboring cities along with its Marina Waterfront for an island life experience for residents.

For more information about Landsea Homes' Northern California communities, visit www.landseahomes.com.