TUSTIN, Calif., July 28, 2015 /PRNewswire/ -- Standard
Pacific Homes (NYSE: SPF), one of the nation's leaders in
homebuilding quality, today announced the naming and dedication of
'Ron Foell Park' located within Greenwood, a planned community that
is a part of Tustin Legacy, the
area's newest master-planned community that sits on the 1,500 acre
site of the former Marine Corps Air Station in Tustin. Ron
Foell, Chairman of the Board of Standard Pacific Homes,
co-founded the Company with Art
Svendsen in 1965. Guided by Foell's leadership, Standard
Pacific Homes has become an industry leader and recently announced
plans to merge with Ryland Homes to
form the fourth largest homebuilding company in the nation. Ron
will retire from his position as Chairman of the Board of Directors
when the transaction closes which is anticipated for fall 2015.
Bearing his namesake, the six acre Ron
Foell Park pays tribute to the area's natural landscape and
offers recreational activities for all generations. The naming of
the park marks the 50th year since the company first put
its name on a 54-home community called Summerfield Homes in Tustin, CA.
"The naming of Ron Foell Park holds tremendous significance as
Greenwood in Tustin Legacy is
situated just one mile from where Ron
Foell and Standard Pacific Homes debuted its first-ever
community fifty years ago in 1965," said Mayor Chuck Puckett. "The new park will create a
dynamic center for recreation in the heart of Tustin."
"Ron's leadership at Standard Pacific Homes has been
instrumental in shaping the landscape of the housing industry,"
said Scott Stowell, President and
CEO of Standard Pacific Homes. "Naming the park in his honor is a
wonderful way to celebrate his legacy of building community."
Ron Foell Park is situated at the
center of Greenwood in Tustin
Legacy. The park is comprised of two distinct sections with
over five acres dedicated to the public. The focal point of the
park is a large, multi-functional lawn outlined by heritage trees
to provide shaded areas. The space also includes an amphitheater
for concerts in the park, a basketball court, two bocce ball
courts, an 'Adventure Zone' with two children's play structures,
1.4 miles of interconnected walking trails and picnic
pavilions.
Within Ron Foell Park is The
Residents Only Legacy Club. The Legacy Club features amenities for
Greenwood in Tustin Legacy residents
including a clubhouse with a catering kitchen, a covered outdoor
living space, a resort-style pool and spa, an interactive water
play area, fire pits, barbeques and private restrooms and
showers.
Greenwood in Tustin Legacy offers
home shoppers four neighborhoods, Sheldon, Huntley, Crawford and
Stafford, where innovative new home designs incorporate luxurious
design details that meet the tastes and preferences of today's
discerning move-up buyers. The designs feature Great Room centered
floor plans, gourmet kitchens, outdoor living rooms and spa-like
master suites. Prices range from the low $700,000s to the low $1,000,000s.
About Standard Pacific Homes
Standard Pacific Homes
has been building beautiful, high-quality homes and neighborhoods
since its founding in Southern
California in 1965. With a trusted reputation for quality
craftsmanship, an outstanding customer experience and exceptional
architectural design, the Company utilizes its decades of land
acquisition, development and homebuilding expertise to successfully
navigate today's complex landscape to acquire and build desirable
communities in locations that meet the high expectations of the
Company's targeted move-up homebuyers. Currently offering new homes
in major metropolitan areas in Arizona, California, Colorado, Florida, North
Carolina, South Carolina,
and Texas, we invite you to learn
more about us by visiting www.standardpacifichomes.com
About Greenwood in Tustin
Legacy
Developed by Standard Pacific Homes, Greenwood
in Tustin Legacy is a brand new,
planned community located within the 1,500-acre, master-planned
community of Tustin Legacy in
Tustin, CA. Situated at the center
of Orange County, the community
offers four residential neighborhoods that showcase all new
architectural concepts within a thoughtfully planned setting.
Greenwood pays tribute to the area's natural landscape through
miles of interconnected walking trails, dedicated green space,
parks, heritage trees, picnic pavilions and adventure play zones.
Residents will enjoy impeccable craftsmanship, impressive
indoor-outdoor living features and extensive neighborhood
amenities, including the future Greenwood Park and the
residents-only Legacy Club. For more information, visit
www.greenwoodintustinlegacy.com
Forward Looking Statements
This news release contains forward looking statements,
including, but not limited to, statements regarding the closing and
expected timing for closing of the Company's proposed merger
transaction with Ryland Homes.
Forward-looking statements are based on current expectations or
beliefs regarding future events or circumstances, and you should
not place undue reliance on these statements. Such statements
involve known and unknown risks, uncertainties, assumptions and
other factors many of which are out of Standard Pacific's control
and difficult to forecast that may cause actual results to differ
materially from those that may be described or implied. Such
factors include but are not limited to: Standard Pacific and
Ryland may be unable to obtain stockholder approval as required for
the merger; conditions to the closing of the merger may not be
satisfied or waived; and the transaction may involve unexpected
costs, liabilities or delays or may not be consummated at all.
Standard Pacific and Ryland assume no, and hereby disclaim any,
obligation to update any of the foregoing or any other
forward-looking statements. Standard Pacific and Ryland
nonetheless reserve the right to make such updates from time to
time by press release, periodic report or other method of public
disclosure without the need for specific reference to this press
release. No such update shall be deemed to indicate that
other statements not addressed by such update remain correct or
create an obligation to provide any other updates.
Contact: Danielle Tocco
Director of Communications
Standard Pacific Homes
949.789.1633
dtocco@stanpac.com
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SOURCE Standard Pacific Homes