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Limoneira’s Joint Venture with Lewis Group Announces Additional Lot Closings of 42 Residential Units with National Home Builder Richmond American Homes
Joint Venture Has Now Closed 286 Residential Unit Sales SANTA PAULA, Calif.--(BUSINESS WIRE)-- Limoneira Company (the “Company” or “Limoneira”) (Nasdaq:
About this update from Limoneira Co
[{"type":"text","content":"\nJoint Venture Has Now Closed 286 Residential Unit Sales\n\n SANTA PAULA, Calif.--(BUSINESS WIRE)--\nLimoneira Company (the “Company” or “Limoneira”) (Nasdaq: LMNR), a diversified citrus packing, sales and marketing company with related agribusiness activities and real estate development operations, announced today that its 50%/50% real estate development joint venture with The Lewis Group of Companies (“Lewis”) has closed an additional 42 residential lots with Richmond American Homes of California (“Richmond American”), a subsidiary of one of the nation’s leading homebuilders, M.D.C. Holdings, Inc. (NYSE: MDC). Richmond is one of the primary builders in the initial 632 residential lots of the Company’s Harvest at Limoneira project.\n\n\nHarold Edwards, President and Chief Executive Officer, stated, \"We are very excited to announce additional lot closings totaling 42 residential units with Richmond American, a subsidiary of one of the nation’s largest homebuilders, M.D.C. Holdings, Inc. Richmond will be offering Harvest single-story residences, which is a new concept. Through today, our joint venture has now closed sales of the initial residential lots representing 286 residential units, representing an increase of 76 since the beginning of fiscal year 2020.”\n\n\nRichmond is going to build three single-story plans ranging from approximately 1,930 to 1,955 square feet and they will start model homes in June. The single-story plan is a new concept for Harvest.\n\n\nHarvest at Limoneira is a well-balanced, comprehensively designed community near the Pacific Ocean. The amazing views, parks and miles of hiking trails in addition to retail shops within walking distance is attracting strong interest from families throughout Southern California.\n\n\nAbout Limoneira Company\nLimoneira Company, a 126-year-old international agribusiness headquartered in Santa Paula, California, has grown to become one of the premier integrated agribusinesses in the world. Limoneira (lç moñ âra) is a dedicated sustainability company with 15,700 acres of rich agricultural lands, real estate properties, and water rights in California, Arizona, Chile and Argentina. The Company is a leading producer of lemons, avocados, oranges, specialty citrus and other crops that are enjoyed throughout the world. For more about Limoneira Company, visit www.limoneira.com....