NEWPORT BEACH, Calif. (December 5, 2014) – During private receptions held today for homebuyers, local dignitaries and real estate industry influencers, The New Home Company (“NEW HOME”, NYSE: NWHM) formally unveiled Meridian, its collection of 79 sophisticated coastal residences in the heart of Newport Beach, Calif.
The special Model Home Premiere provided guests an exclusive opportunity to tour both the stunning homes and community recreational amenities, while also commemorating the formal opening of Meridian, the first, new for-sale residential community in the Newport Center® area in more than 20 years.
Located less than a one-minute walk to Fashion Island®, Orange County’s premier open-air retail center, Meridian includes residences ranging from 2,335 to 3,905 square feet. Homes are priced from the high $1,000,000s.
NEW HOME launched sales at Meridian earlier this year to strong demand. During the pre-opening period more than 30 of the residences were sold, representing more than $100 million in contracts.
Featuring contemporary Mediterranean architecture with expansive windows, Meridian is designed to take advantage of ocean, golf course, garden and city views. Many of the residences overlook the fairways of the Newport Beach Country Club. Community amenities include a concierge, security, semi-private elevators, a clubroom with fully appointed kitchen, state-of-the-art gym featuring Cybex equipment and a Yoga/Pilates studio. The outdoors can be enjoyed on the entertainment terrace, relaxing by the swimming pool and spa, or at the poolside grill and dining area.
Meridian’s residences offer an opportunity for original living in the most complete sense. NEW HOME has approached the design of these homes with an understanding that the most sophisticated design is a personal experience for each buyer. Through Meridian’s celebrated and recognized Design Studio, the NEW HOME team takes a hands-on approach in creating an interior experience—through flooring, countertops, appliances, home automation solutions and much more—that is a true reflection of each individual style.
“Ease of living is the ultimate luxury at Meridian, where lifestyle is what first and foremost sets the community apart,” said NEW HOME Senior Vice President of Sales, Marketing and Design, Joan Marcus-Colvin. “Meridian offers the finest in luxury living with the freedom of a turn-key residence, minimal attention to maintenance and complete privacy and security. These attributes, coupled with Meridian’s world-class location, are driving our tremendous sales success here.”
About The New Home Company
NEW HOME, one of California’s most active homebuilders, became a publicly traded company in early 2014. It is listed on the New York Stock Exchange under the symbol “NWHM.” It is a new generation homebuilder focused on the design, construction and sale of innovative and consumer-driven homes in major metropolitan areas within select growth markets in California, including coastal Southern California, the San Francisco Bay area and metro Sacramento.
In 2013 and 2014, NEW HOME was the recipient of “The Eliant” for Best Overall Customer Experience in the Eliant Homebuyers’ Choice Award’s multi-divisional builder segment. Most recently, NEW HOME was recognized as one of the “Best Places to Work” in Orange County by the Orange County Business Journal and one of the “Top Workplaces in Orange County” by the Orange County Register. For more information about the company or its current new-home offerings, visit www.NWHM.com.
