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BUILDING INDUSTRY NEWS
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Brandywine acquires Fountain Valley redevelopment site

The company plans to build 16 single-family homes over the next 18 months.

By Caitlin AdamsPublished: January 04, 2011 09:03 AM

Irvine-based Brandywine Homes plans to build 16 single-family detached residences on a 2.95-acre redevelopment site that it has acquired in the city of Fountain Valley. The Lemongrass community will be built on the site of the former First Christian Church at 18110 Magnolia St.

“This is a great development for Brandywine because it fills a void in the local market, and Fountain Valley is a very desirable place to live,” said Brett Whitehead, president of Brandywine Homes. “There is virtually no new home activity in Fountain Valley, even though the demand for housing has been proven. It also fits nicely into our business plan because, although it is relatively small, it expands our reach into the coastal communities of Southern California.”

The Craftsman- and Mission-style homes will feature three layouts – including two-story floor plans – that range in size from 2,600 square feet to 3,600 square feet. Models will have up to five bedrooms, three or four bathrooms, and three-car garages, and come equipped with tankless water heaters and dual-pane windows.

Ten homes will be constructed on a new private road situated off of Magnolia Street. Six more homes will be built facing Third Street along the backside of the site of the existing church, which will be removed. Model homes are expected to be complete by next summer, and the full project is projected to be complete by the summer of 2012.

“Lemongrass is exciting for us for a couple of reasons,” said Dave Barisic, Brandywine’s vice president of sales and marketing. “First, it is our first community in the city of Fountain Valley, which is well known for the quality of its schools and its proximity to major transportation corridors, shopping and entertainment.”

Lemongrass is designed for “move-up” buyers who may have outgrown older residences or are simply looking for a newer home with more modern amenities, Barisic said.

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