REAL ESTATE
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Irvine Co. gears up for launch of new town-home development
Ivy opening marks first phase of Woodbury East; two-story floor plans will be priced in high $300,000s.
BY Tina BorgattaPublished: June 15, 2009 10:23 AM
The Irvine Co.’s first new home development since the start of the recession will open in the village of Woodbury East next month with the launch of Ivy, a town-home neighborhood in the city of Irvine offering units priced in the high $300,000s.
Company officials are touting the development as a prime opportunity for first-time homebuyers – or even parents interested in investing for their grown children. Buyers can take advantage of historically low interest rates and tax credits that could amount to as much as $18,000 per home.
“Now is the opportune time for first-time homebuyers – singles, young couples and families – to take advantage of these circumstances and to enjoy all of the benefits associated with home purchases in the Villages of Irvine,” says Tom Veal, vice president of residential marketing and product planning for Irvine Co. Community Development.
The development features three two-story floor plans that range from 1,180 to 1,501 square feet.
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Company officials are touting the development as a prime opportunity for first-time homebuyers – or even parents interested in investing for their grown children. Buyers can take advantage of historically low interest rates and tax credits that could amount to as much as $18,000 per home. “Now is the opportune time for first-time homebuyers – singles, young couples and families – to take advantage of these circumstances and to enjoy all of the benefits associated with home purchases in the Villages of Irvine,” says Tom Veal, vice president of residential marketing and product planning for Irvine Co. Community Development. The development features three two-story floor plans that range from 1,180 to 1,501 square feet. NEXT PAGE >> Related headlines Maguire unloads Irvine property at 40 percent off Affordable rental project in Irvine set to open in July Irvine-based Trumark Cos. launches homebuilding firm 'OC METRO Minute,' June 12: Median asking price of home, condo in O.C. |
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