Richmond American Homes Moves Headquarters to Hacienda

By George Walsh, Hacienda Network Staff Writer

Location at 5075 Hopyard Road Will Serve as HQ for Company's Bay Area Division

Richmond American Homes, a subsidiary of M.D.C. Holdings, Inc., has announced that it will be moving its Bay Area Division headquarters into a 24,100 square foot space at 5075 Hopyard Road. The company will be using 14,100 square feet on the top floor for office space and open a design center on the first floor. Richmond American plans to move into its new location before the end of the year.

M.D.C., whose subsidiaries build homes under the name Richmond American Homes, is one of the largest homebuilders in the United States. The company also provides mortgage financing, primarily for its homebuyers, through its wholly owned subsidiary HomeAmerican Mortgage Corporation. M.D.C. is the largest homebuilder in Colorado; among the top five homebuilders in Northern Virginia, suburban Maryland, Phoenix, Tucson, Las Vegas, and Salt Lake City; and among the top ten homebuilders in Northern California and Southern California. M.D.C. also has a growing presence in Dallas/Fort Worth and has recently entered the Houston, Philadelphia/Delaware Valley, West Florida, Jacksonville and Chicago markets. In 2003, MDC built 11,211 homes and generated revenues of $2.9 billion.

"We've been in the Bay Area for around six years," says Mark Butler, Bay Area division president for Richmond American Homes. "The reason we left our headquarters in San Ramon and decided to move to Pleasanton is because it's more central to our region, which includes all of Northern California and the Central Valley except the Sacramento metropolitan area, where we have another operating division. Pleasanton is really at a crossroads for our region. We're very excited about being in a high profile, high visibility location in the heart of Hacienda Business Park." The new location will also be significantly larger than the one Richmond American is leaving in San Ramon.

Butler is especially pleased about the design center the new location will house. "The design center will serve to display all of the amenities available for our customers to personalize their homes," he says. "We've hired a top retail design company out of Chicago to make it a state-of-the-art facility. It will be open to the public, so that people can come in and browse whenever they want to, see what we have to offer, and view interactive displays about our current and upcoming communities."

A number of Richmond American communities are either open or soon to be open near Pleasanton, including communities in Hayward, Concord, Oakley, and Brentwood. The company also has nearby communities in Tracy, Patterson, and Stockton. The Bay Area division of Richmond American plans to complete 400 homes in 2004 and 600 homes in 2005, and currently employs around 100 people.

Photo: Richmond American Homes' Bay Area Division will call this Hopyard Road facility home.

Also in this issue...