Menifee Community Celebrates Groundbreaking of Legado
MENIFEE, Calif. – August 11, 2022 – City of Menifee officials, community leaders, and representatives from Newport Pacific Land and IHP Capital Partners joined together yesterday to celebrate the groundbreaking of Menifee’s newest master-planned community, Legado.
The 330-acre Legado community will include 1,000 new homes with an exciting array of design choices and numerous recreational spaces. Each residential village will offer Paseo access to Legado’s extensive variety of recreational spaces. These include scenic wellness walks with exercise stations, imaginative and interactive play spaces, a private pool and recreation center, as well as a 13-acre public park with a community center and sports fields.
“Legado will be a top-tier community that helps meet the growing demand for up-scale new homes in Menifee,” said Mayor Pro Tem Dean Deines, 4th District. “The parks and community amenities that this project brings to our city will further strengthen the quality of life of our residents.”
A future planned commercial center, accessible to the I-215 freeway, will dedicate 20 acres to shopping and businesses adding convenience and new employment opportunities.
“Based on its strong economic growth and prime location, Menifee is the perfect city for a high-end, master-planned community,” said Noah Shih, Senior Vice President of Newport Pacific Land Company. “We designed Legado to provide numerous benefits for current and future Menifee residents including new residential, recreation, and retail options.”
Legado is located in the northeast portion of Menifee, south of Rouse Road, east of Encanto Drive, north of Chambers Avenue, and west of Antelope Road. As part of the new community, numerous improvements will be made to surrounding roadways to enhance traffic flow including Encanto Drive, Rouse Road, Chambers Avenue, Sherman Road, and Antelope Road. The project will also help improve stormwater flow by creating landscaped basins that will store stormwater and release it slowly downstream.
“Legado’s official groundbreaking event marks an exciting new chapter in Menifee’s advancement as one of the fastest growing cities in California,” said Eric Koff, senior vice president of IHP Capital Partners. “IHP has been building homes throughout California for 30 years, and our team is grateful for the opportunity to work in partnership with the City of Menifee in the creation of Legado and its beautiful new homes. The City’s support in Legado’s development is instrumental, and IHP looks forward to continuing to work together in helping to shape the community in the future.”
Construction of Legado is expected to be completed by the summer of 2026. Residential home sales are expected to begin in the spring of 2024.
For more information on the Legado community, please visit the project website at www.legado-menifee.com
ABOUT NEWPORT PACIFIC LAND COMPANY LLC: Newport Pacific Land Company LLC designs, develops, manages and consults on master-planned communities, residential subdivisions and commercial projects throughout the western states. Our mission is to add value by leveraging our uniquely collaborative approach to create solutions for public agencies, institutions, landowners, venture partners, home builders, and the future residents of our communities. It is the breadth of our capabilities coupled with our integrity, experience and attention to detail that distinguishes our work.
ABOUT IHP CAPITAL PARTNERS: IHP Capital Partners was founded in 1992 and celebrates three decades of industry leadership this year as one of the nation’s leading real estate investment firms. The company facilitates a path to success for its investor and development partners by providing equity for residential projects throughout the country, with a focus on the western U.S. A tactical partner and trusted fiduciary, IHP’s track record is built on experience, expertise and long-term sustained partnerships with well-known institutional investors and a wide range of the industry’s most notable builders and developers. For more information, visit www.IHPInc.com. Follow the company on LinkedIn.
ABOUT MENIFEE: Situated in the heart of southern Riverside County along Interstate 215, Menifee is a vibrant, new city of more than 100,000 residents who enjoy a pleasant year-round climate, abundant recreational offerings, reasonably priced housing, and convenient proximity to some of Southern California’s premier attractions and employment centers. Within its 50 square miles, Menifee’s business, retail, and entertainment outlets are starting to shape the community’s character and this growing economic base is also contributing favorably to the city’s strong financial position. Menifee’s growing family-oriented population values the city’s ongoing commitment to public safety, community events, and smart growth for the future. All of these elements are working together to support the city’s strategic vision to make Menifee one of the state’s most promising new cities.