Latest news with #CityVentures
Business Wire
14 hours ago
- Business
- Business Wire
City Ventures Expands Access to Homeownership with Limited Selection of Affordable Homes at Pinnacle in Milpitas
MILPITAS, Calif.--(BUSINESS WIRE)--City Ventures, California's leading builder of solar-powered, ecologically responsible homes, has announced a new partnership with the City of Milpitas to provide affordable homes at Pinnacle, its newest townhome community in Milpitas. Restricted to moderate-income, first-time buyer households, the program features ten Below Market Rate (BMR) townhomes and 8 are already sold. Homebuyers are selected through a joint review with the city. 'We're incredibly proud to partner with the City of Milpitas to bring more choices and possibilities for first-time buyers who are looking to put down roots,' said Natasha Zabaneh, President of City Ventures. Share 'We're incredibly proud to partner with the City of Milpitas to bring more choices and possibilities for first-time buyers who are looking to put down roots,' said Natasha Zabaneh, President of City Ventures. 'This opportunity is a reflection of our commitment to create strong, inclusive communities––not just in Milpitas, but throughout California.' The BMR program at Pinnacle features its popular Plan One and Plan Two designs, both offering brand-new, all-electric construction, owned solar panels, Nest thermostats, Ring doorbells, keyless entry, energy-efficient appliances. Inviting kitchens feature soft-close drawers and doors, quartz or granite countertops, designer fixtures, and efficient, induction cooktops, while outdoor decks offer beautiful spaces for entertaining and relaxing. Plan One––priced at $707,000 with a monthly HOA fee of $219––offers approximately 1,064 square feet of thoughtfully planned living space, with two bedrooms and two baths. Plan Two BMR homes are sold out. The housing market in popular Milpitas remains extremely competitive. According to Redfin, during June the median sales price for a home in the city was just over $1.6 million, with just 1.1 months of inventory available for potential home buyers. In addition, given that nearly 60% of listings sold over list price with a median time on market of just 18 days, these BMR plans at Pinnacle provide a unique opportunity for eligible households to grab their rung on the homebuying ladder in the 'Crossroads of Silicon Valley.' To date, Pinnacle's success has been notable––more than 70% of homes are sold before model homes have had a chance to open. 'Buyers love Pinnacle's highly desirable location, right in the center of everything that matters,' said Zabaneh. 'Enjoy endless attractions at your doorstep, top-rated neighborhood schools, and convenient access to world-renowned employers throughout the Silicon Valley.' With its central Milpitas location, Pinnacle is just minutes away from multiple shopping, restaurant and recreation opportunities including Northern California's largest indoor outlet mall, the 1,558-acre Ed R. Levin County Park, the Milpitas Sports Center, 30 local parks and two public golf courses. Interested buyers are strongly encouraged to act quickly on this unique opportunity. To begin the application process, send an email to Pinnacle@ Income limits and other restrictions apply. Pinnacle is located at 1756 Houret Court in Milpitas. Additional information about Pinnacle, including floorplans and community details, are available online at City Ventures, California's leading homebuilder, focuses on 'Building It Forward' by repositioning underutilized real estate into residential housing in supply-constrained coastal urban infill areas and high-demand suburban locations. To date, the builder has constructed 4,900 townhomes, condominiums, lofts, mixed-use, live-work, and single-family detached homes throughout Southern and Northern California. City Ventures was named 2023 Builder of the Year by the national magazine Builder & Developer and is celebrating 15 years of homebuilding this year. Based in San Francisco and Irvine, City Ventures currently owns and controls over 8,000 lots in California. For more information, please visit You can also follow City Ventures on social media on Facebook (@cityventures), Instagram (@city_ventures) and YouTube (@cityventures).
Business Wire
17-07-2025
- Business
- Business Wire
Grand Opening for Saddlewood at Joshua Ranch Set for This Saturday, July 19 th, Only Two Homes Remain for Sale at City Ventures' Skyridge in Joshua Ranch
PALMDALE, Calif.--(BUSINESS WIRE)--California's leading builder of solar-powered, ecologically responsible homes, City Ventures, has announced that Saddlewood, City Venture's third community at Joshua Ranch, will officially grand open its model homes this Saturday, July 19 th. Saddlewood offers three floor plan options, with 2,554 to 3,191 square feet of living space, three to five bedrooms, up to three-and-one-half baths and two- to three-car garages. For buyers looking for new single-family homes and a more attainable price point within Joshua Ranch, the homes at Saddlewood start under $700,000. 'With abundant space offering versatile lofts, flex spaces and additional bedrooms including downstairs suites, homes at both Skyridge and Saddlewood are ideal for growing families, multi-generational households, and really everyone in between." Share The residences at Saddlewood offer style and sustainability packaged with innovative design on spacious homesites. Buyers can expect well-appointed gourmet kitchens with energy-efficient appliances, spa-like master baths with soaking tubs and showers, and California Rooms with optional fireplaces. Other room options include home offices, dining room, lofts and breakfast nooks. Just two homes remain for sale at Skyridge, the luxury residences collection within the same gated community of Joshua Ranch. Set high in the hills with sweeping views of the beautiful Antelope Valley, buyers can choose from two floor plans, ranging from approximately 3,566 to 4,424 square feet and including four to five bedrooms and up to four-and-a-half baths. Inside, home offices, downstairs bedroom suites, decks and butler's pantries are just some of the desirable details. Generous lot sizes ensure plenty of outdoor space, allowing buyers to create their own personal resort with a swimming pool, spa or putting green along with room to store an RV or a boat. The coveted outdoor California room, with an optional fireplace, is a feature in every home at Skyridge. 'With abundant space offering versatile lofts, flex spaces and additional bedrooms including downstairs suites, homes at both Skyridge and Saddlewood are ideal for growing families, multi-generational households, and really everyone in between,' said Natasha Zabaneh, President of City Ventures. 'Our buyers are able to easily create those spaces that fit their unique needs, whether it's a craft room, office, nursery, fitness room or something else.' Prices for these two remaining homes at Skyridge start from $869,990, with generous sales incentives available for buyers who are eager to enjoy their new homes in time for summer. In addition, City Ventures continues to offer appreciation gifts for military and civil Hometown Heroes, while current owners of its homes can benefit from its referral and repeat buyer programs. For buyers already working with a real estate agent, City Ventures recognizes the importance of the brokerage community by offering sales commissions as long as agents accompany their clients on their first visit to the sales office and model complex. According to an April survey by the National Association of Home Builders, 60% of builders reported that their suppliers have already increased or announced increases of material prices averaging 6.3% due to tariffs and policy uncertainty, adding an estimated $10,900 to the average home. For homes larger than the national average of about 2,500 square feet, the additional costs would likely be higher. 'This is a limited opportunity to live in such exceptionally beautiful and spacious homes in the Palmdale hills, which are close enough to shopping and entertainment options and employment centers but also provide privacy and sanctuary,' said Zabaneh. 'With very low levels of supply for existing single-family homes in Palmdale, now could be a great time to avoid bidding wars for a resale home and live in a truly one-of-a-kind place before surging costs for imported goods used in construction could lead to higher prices for new homes.' Be sure to join in the grand celebrations and tour the brand new model homes at Saddlewood this weekend, on Saturday July 19, 2025 from 11 am to 5pm. Saddlewood is located at 39419 Saddle Dr., Palmdale CA 93551. Interested buyers for Saddlewood at Joshua Ranch, can join the interest list on the website now at To contact the sales office directly, call or text (661) 795-7623 or email Saddlewood@ Fully finished and upgraded homes are also available for touring at Skyridge at Joshua Ranch, just up the hill from Saddlewood, located at 39655 Nicholas Court in Palmdale. Visit for additional details. To contact sales directly, call or text (213) 328-8851 or email Skyridge@ For other exciting updates, follow City Ventures on social media on Instagram, @city_ventures, on Facebook, @cityventures, and on YouTube, @cityventures. City Ventures, California's leading homebuilder, focuses on 'Building It Forward' by repositioning underutilized real estate into residential housing in supply-constrained coastal urban infill areas and high-demand suburban locations. To date, the builder has constructed 4,900 townhomes, condominiums, lofts, mixed-use, live-work, and single-family detached homes throughout Southern and Northern California. City Ventures was named 2023 Builder of the Year by the national magazine Builder & Developer and is celebrating 15 years of homebuilding this year. Based in San Francisco and Irvine, City Ventures currently owns and controls over 8,000 lots in California. For more information, please visit
CBS News
28-05-2025
- Business
- CBS News
Neighbors at odds over proposed Claremont housing development
A group of neighbors are at odds over the proposed housing development that may soon replace some old tennis courts in Claremont in coming months. The development, which is called the City Ventures Indian Hill Project, would bring 70 three-story high townhomes to the small parcel of land located on W. American Avenue and Indian Hill Boulevard. The latter eventually feeds onto the always busy 10 Freeway. Neighbors are concerned that the area, which already sees a lot of traffic, will become even more crowded. They're hoping that city leaders are able to either reject the proposal during a meeting Tuesday, or provide some further clarity on the matter. "I'm not completely opposed to this," said Darvin Gomez. "We just want something that's reasonable and that fits ... that respects our neighborhood." He's one of the many that gathered to speak up during the meeting on Tuesday. An artist's rendering of the proposed housing development. City of Claremont According to Claremont's city website and renderings provided by the developer, each of the new units would come with two-car garages and 11 guest spaces. The entire neighborhood however, would have just one entrance from W. American Avenue. "It's safety. Because this area is really, really bad for traffic, really bad where you can't move as is," said Bryan Trunik, another neighbor. "Then, they wanna put 70 more units in right here on the corner and only have one entrance in and out." The entire debacle isn't just a Claremont issue either, as Pomona residents have also joined the opposition to the development, as their city is located on the other side of the street. "We're a community of Claremont and Pomona. We do not want to see this happen," said Alice Gomez. The Los Angeles County Fire Department has already approved one entrance design, which Claremont acknowledges is a congested area with growing commercial space. Their studies, however, show that the number of units won't significantly impact the flow of traffic, something that neighbors highly disagree with. "We're already having issues with parking already," said Pomona City Council member Elizabeth Ontiveros-Cole. "That's my concern." Claremont council members will vote on the development on Tuesday night.
