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Ruling delays O.C.-managed Newhall Ranch, which would create 21,000 new homes near Magic Mountain

Ruling delays O.C.-managed Newhall Ranch, which would create 21,000 new homes near Magic Mountain

Newhall Ranch, a 19-square mile development about 40 miles north of downtown Los Angeles. FivePoint projects statewide include more than 50,000 housing units and about 20 million square feet of commercial space. REGISTER FILE PHOTO

Newhall Ranch, one of the largest single developments ever approved by Los Angeles County, hit a roadblock this week when the California Supreme Court rejected an environmental impact report for the 21,000-home, 12,000-acre development in the Santa Clarita Valley.

The development, located along the 5 freeway near Magic Mountain, is managed by FivePoint Communities of Aliso Viejo on behalf of Lennar Homes.

In addition to Newhall Ranch, FivePoint also manages residential development surrounding the Orange County Great Park as well as San Francisco’s Treasure Island and Hunters Point projects.

The Supreme Court ruled Monday that a California Department of Fish and Wildlife EIR improperly dealt with greenhouse gas emissions and protection of an endangered freshwater fish, the unarmored threespine stickleback.

Construction plans call for altering the Santa Clara River where the fish lives.

The project would take about 20 years to complete and create enough housing for 58,000 residents, as well as commercial and business uses, schools, golf courses, parks and other community facilities, the ruling said.

A partnership headed by Miami-based Lennar, which has its Western regional headquarters in Aliso Viejo, acquired Newhall Ranch as part of a 2003 deal to purchase Newhall Land & Farming Co.

In a statement issued after Monday’s ruling, Newhall Land & Farming said it remains “committed to realizing the vision of Newhall Ranch and the significant benefits it promises for the economy and future of Los Angeles County.”

Contact the writer: 714-796-7734 or jcollins@ocregister.com

The Orange County Register – News Headlines : Real Estate News