Woodbridge Pacific Group Acquires Residential Acreage From Bolthouse Properties In Bakersfield

By Open Line on Sep 16, 2013 at 12:07 PM in Press Room

Bakersfield, Calif.  — Woodbridge Pacific Group (WPG) of Mission Viejo has purchased 175 acres from Bolthouse Properties, LLC of Bakersfield. Situated within the Seven Oaks master-planned community in southwest Bakersfield, this land represents the next phase of residential development within Seven Oaks, and is directly south of Grand Island Village at Seven Oaks. WPG Principals Todd Cunningham and Carl Neuss, and Bolthouse President Tony Leggio announced the transaction.

Through Pacific Cascade Group, its land company affiliate, WPG acquired the land that is earmarked for a variety of single-family neighborhoods, with approximately 750 new homes anticipated over a four-year build-out. Development soon to be underway includes a shopping center by Bolthouse Properties; a gated apartment community and an assisted living/memory care facility.

“As a privately held, selective developer/homebuilder with an excellent track record in prime locations, WPG was a natural candidate for the next phase of Seven Oaks’ residential development,” said Leggio. “We are delighted to work with a company of WPG’s caliber, and one that is committed to Bakersfield.”

Cunningham said WPG will be the master developer of this next phase, and that he and WPG co-founder Carl Neuss expect to tap local homebuilders for most of the new neighborhoods envisioned here. “Bakersfield was my home from early childhood. Through my years at East Bakersfield High School and Bakersfield Junior College, I developed and maintained many close friendships here, and have often wondered whether I would ever come back home in some fashion,” he said. “Now I am, and it’s exciting.”

Neuss, who has close family ties in California’s Central Valley, noted: “The WPG team is most pleased to become part of the Bakersfield community and looks forward to growing our business activities in the Central Valley.”

Woodbridge Pacific Group is committed to architecturally distinctive homes in premier locations for move-up and luxury homebuyers. The management team headed by Cunningham and Neuss collectively represents completion of more than 20,000 new homes and some of the most successful master-planned communities in Southern California and the Western states. Also see www.woodbridgepacific.com and www.pcgco.com.

Bolthouse Properties is a diversified development company with retail and commercial projects, and agricultural holdings throughout California. See www.bolthouseproperties.com