A new, high-end project in Silicon Valley, called Chantrea at Silver Creek, had its grand opening during the April 14 weekend. The goal—assuming the housing market continues its recovery—is to have the company building 1,000 homes per year within five years, said Bauer, the former president and chief operating officer of Newport Beach-based William Lyon Homes. He started Tri Pointe with two other ex-Lyon colleagues, Mike Grubbs and Tom Mitchell. Tri Pointe was one of nine builders recently tapped to build the first batch of homes planned at Sendero, the 690-acre project along Ortega Highway in South County whose plans were first announced by Rancho Mission Viejo LLC last month. The company is expected to build about 105 of the first 940 homes planned at Sendero, which has extensive ground work under way at Ortega Highway and Antonio Parkway.