City Ventures Sells Santa Ana Townhome Community to Century Communities
Event summary
- City Ventures sold Harbor Pointe, a 45-townhome community in Santa Ana, to Century Communities for an undisclosed amount.
- The sale marks the fifth entitled community City Ventures has developed within Santa Ana's Harbor Mixed-Use Transit Corridor Specific Plan.
- Century Communities will complete construction and deliver the homes, including five moderate-income, affordable floor plans.
- City Ventures and Century Communities previously partnered on the Brookhaven community in El Monte, which closed in 2024.
The big picture
City Ventures continues to focus on infill development in high-demand urban areas, leveraging long-standing relationships with local governments and public homebuilders. The sale to Century Communities underscores a growing trend of private developers entitling land and partnering with larger builders to expedite housing delivery in supply-constrained markets.
What we're watching
- Partnership Dynamics
- How City Ventures' strategy of entitling and improving communities for other builders like Century Communities will scale across Southern California.
- Market Transformation
- The pace at which Santa Ana's Harbor Corridor transitions into a walkable, for-sale housing destination with complementary product offerings.
- Execution Risk
- Whether Century Communities can maintain construction timelines and deliver homes efficiently amid potential labor or material cost challenges.
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