2023 Fall Issue of Urban Land - 125
parcels of undeveloped land near Los Angeles
with 37,250 acres (15,070 ha).
Unlike its residential suburban precedent
Levittown, where William Levitt built 17,447
nearly identical houses on Long Island, New
York, Valencia had a large employment base
and industrial park with more than 8,500
employees by 1988. It was incorporated into
the new city of Santa Clarita, formed in 1987.
By 1996, Newhall Land had developed
5,000 acres (2,000 ha) with 12,000 homes.
Although most of the more recent development
in Valencia is outside of the city, Santa
Clarita today is one of the wealthier suburbs
of Los Angeles, with 228,000 people.
Valencia exemplifies the difficulties of
developing urban fringe land in highly contested,
water-constrained metropolitan areas.
The developers attempted to expand the new
town on ranch land west of Interstate 5 in the
early 2000s, and had hoped to break ground
by 2012, but legal challenges by various environmental
groups stopped development for
another eight years.
FivePoint Communities, successor to
Lennar, who had bought controlling interest
in the ranch from Newhall in 2009, ultimately
won the lawsuit and finally commenced development
in 2017 on 18 initial neighborhoods.
Emile Haddad, founder and chairman emeritus
of FivePoint Holdings, states that the original
new town has 20,000 homes and 20 million
square feet (2 million sq m) of commercial.
The west side of Interstate 5 will have an
additional 21,000 homes and 11 million square
feet (1 million sq m) of commercial space. He
attributes Valencia's success to the fact that
it draws people from four major employment
centers-Burbank, San Fernando Valley, Downtown
LA, and the local Valencia market.
Valencia remains a model of new town
development. Critical to its success was
offering housing simultaneously for as many
different segments of the market as possible-
segmented by tenure (for-sale and rental) and
by density-large single-family, patio homes,
duplexes, low-rise, and high-rise and multistory
buildings. The neighborhood was designed to
serve all age groups. Its integration into nature
The Valencia Town
Center in Santa
Clarita exemplifies its
vibrant streetscape.
The shopping mall
anchors a mixed-use
district with 551 luxury
apartments, a 244
key Hyatt hotel, and
a 57,000 square-foot
medical facility.
FALL 2023
URBAN LAND
125
INDUSTRY VOICES
OCIT Y OF S ANT A CL ARIT A
2023 Fall Issue of Urban Land
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