More than 21,000 homes are going up in a brand-new community that, its developer says, will be the largest net-zero community in the nation, and potentially the world. In other words, it will leave no carbon footprint.
FivePoint Valencia went into planning 20 years ago, but legal battles ensued, pitting environmentalists against real estate planners. Finally, the project is now getting off the ground. It was really an attempt to change the paradigm and turn the debate with the environmental community from across the table to let s sit on the same side of the table and see if we can find ways to move forward, said Emile Haddad, CEO of FivePoint. We need to evolve with the world, and I believe that this will be a step forward.
House hunters are leaving the city, and builders can't keep up - Silicon Valley Business Journal bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
U.S. builders are on a pace to start construction on 1.1 million single-family homes this year, the most since 2006, the year when the mid-2000s housing bubble started deflating and later become the financial crisis and Great Recession.