California-based FivePoint Holdings LLC has agreed to shrink the climate and natural resources impacts of its embattled Newhall Ranch project in northern Los Angeles County under a deal with environmental and tribal groups.
The agreement with the Center for Biological Diversity, Santa Ynez Band of Chumash Indians, Wishtoyo Foundation, and the California Native Plant Society eases the way for a long-planned mega-development on some of the county’s last undeveloped land.
FivePoint Holdings is a recent spinoff of home builder Lennar Corp. The mixed-use project plan includes 26,000 residential units, 13.5 million square feet of commercial space, and ...
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