SANTA PAULA, CA - Less than a week ago, we reported on Limoneira completing Phase 2 of its latest venture, Harvest at Limoneira, a master-planned community in Santa Paula. Recent news from the company stated that the proposal brought forward by its real estate development joint venture with The Lewis Group of Companies to increase the number of entitled lots at Harvest at Limoneira from 1,500 dwelling units to 2,050 dwelling units was approved.

“We appreciate the Santa Paula City Council’s continued support of what we are trying to achieve at Harvest and believe their approval to increase the total number of units speaks to the excellent value our development project brings to the city,” remarked Harold Edwards, President and Chief Executive Officer. “We honor our tradition of being great stewards, not only to the land we cultivate but also to our community and believe this is the reason we have been one of only two real estate development projects in Ventura County to receive approval via a SOAR vote. We plan to provide an update to our anticipated cash flow projections for Harvest at Limoneira when we release our second quarter financial results in June.”

A press release noted that the 550-unit increase will provide 250 additional single family for-sale homesites within Phase 3 of Harvest.

In partnership with Lewis, Limoneira plans to construct 300 multi-family rental homes on a mixed-use portion of the project.

As we reported before, Harvest at Limoneira is a well-balanced, comprehensively designed community providing a range of new housing options near the Pacific Ocean.

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