The New Home Company, Aliso Viego, Ca. (NYSE:NWHM) on Thursday held a groundbreaking ceremony at Bedford, a 275-acre, 1,620-home residential community in the Inland Empire’s Corona, Calif.
The community (formerly known as Arantine Hills) is taking shape southwest of the Cajalco Road and I-15 interchange on the site of a former lemon grove near the Santa Ana foothills.
The first homes, a selection of almost 400 single-family detached and attached residences with a range of architectural styles including Spanish, Monterey, Mediterranean and Contemporary Farmhouse, will be available for purchase in mid-2018. Overall grading operations and site improvements are now underway.
Once grading is complete, construction will begin on an array of community buildings and recreational amenities, including more than 50 acres of open space, parks and a vast network of trails. Later this year, construction will start on the model homes for Bedford’s neighborhoods.
New Home is offering land in the community to home builders in the initial phases of Bedford.
“Bedford is going to be a very special place, a community unlike any other in the Inland Empire, and we are so pleased with the considerable interest from our fellow home builders who want to be a part of it,” said Larry Webb, CEO for NEW HOME. “We have extremely high expectations to deliver one of the region’s premier communities. With that in mind, we will be very thorough in our approach to selecting our home-builder partners. We will make announcements in the near future on which companies have been selected to help us carry out our vision.”
Rendering courtesy of The New Home Co.
“We have also begun to advance funds to the City of Corona for a new freeway interchange with direct access to a new toll lane,” continued Webb. “This is unprecedented in terms of a public/private partnership and will not only benefit those who choose to live at Bedford, but all residents of Corona.”
Bedford is a gated community that will offer a range of amenities to neighborhood homeowners. These include a recreational clubhouse called Hudson House, four conveniently located parks and on-street bike lanes. Open to the public will be a multi-purpose trail along the restored Bedford Canyon Wash, and pathways for walking and cycling.
The Hudson House will serve as the Bedford social hub where neighbors will gather and build relationships. It is envisioned to include an adult lap pool with lounge areas overlooking the natural open space, a splash pad, a separate pool and multi-purpose area for the kids, and a collection of indoor/outdoor spaces for neighborhood events or health and wellness classes.
An estimated 10 acres of Bedford have been earmarked for new retail, office, entertainment, lodging and other commercial businesses in the Bedford Marketplace. In addition, The Crossings at Corona and The Shops at Dos Lagos, offering the best restaurants, shopping and entertainment, are just minutes from Bedford.
