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UCP Announces Grand Opening Of East Garrison, Coastal Northern California's Newest Community

Stocks in this article: UCP

UCP, Inc., (NYSE:UCP) (“UCP”) a homebuilder and land developer based in San Jose, California, today announced the grand opening of East Garrison, its new 244-acre master-planned community situated on the former Fort Ord Army Base in Monterey Bay, California. Inspired by Monterey’s legacy and architectural heritage, East Garrison is the result of an extensive public planning process spanning over 15 years that received broad community support.

Located just five miles from Monterey Bay at the intersection of Reservation Road and Inter-Garrison Road off of Highway 101, the meticulously planned community features three unique single-family product types – Monarch, Artisan and Heritage – designed and built by Benchmark Communities, UCP’s wholly-owned subsidiary. Together, the new home models offer 11 innovative single-level and two-story floor plans to accommodate a variety of lifestyles and budgets, including entry-level, as well as first- and second-time move-up homebuyers.

“After over a decade of careful planning and design, we could not be more excited to open this truly unique and transformational community that provides attractive, affordable housing options for a variety of lifestyles and budgets,” said Dustin Bogue, president and chief executive officer of UCP. “The completion of the initial phase of East Garrison effectively expands our portfolio of selling communities in Northern California, an area supported by strong underlying fundamentals, and advances our long-term growth strategy of adding scale in high-growth markets.”

Laura Mather, Vice President of Sales and Marketing for Benchmark Communities, commented: “For decades Fort Ord functioned as an integral part of the local community, serving as an important training and staging site for millions of soldiers. East Garrison has been carefully designed to honor this important legacy by cultivating a dynamic, family-friendly environment that promotes connectivity, opportunity and community pride. Prospective homebuyers now have an opportunity to own a piece of history in the heart of Monterey County.”

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