Five Point Holdings, LLC (NYSE:FPH) Q3 2019 Earnings Conference Call - Final Transcript

Nov 08, 2019 • 01:00 pm ET

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Five Point Holdings, LLC (NYSE:FPH) Q3 2019 Earnings Conference Call - Final Transcript

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Q & A
Executive
Emile Hadad

business is to get the discretionary approval by cities and counties and the answer to that question is yes. We received that approval.

The 2020 will be a year where we will be working on re-engineering and working on a lot of the technical side to start rethinking about that side, not as a regional outlook mall, but more as the mixed use development as we got approval. So expect that 2020 will be more going forward with engineering and things like that.

And as I said on the last call, this is a deal that we fully expect to do with the partner, at least one partner and we've had a lot of inquiries that we have not responded. We did not want to respond to until the approvals and I can share with you that since we got the approval last week, we are having discussions with people who have expressed an interest in that phase and hopefully in 2020, we will be able to be talking more about that.

But in terms of timing of when we start going vertical, I don't think that you should expect us to go vertical before sometime in 2021 and probably later part of 2021.

Analyst
Nate Redleaf

Great. Thank you.

Operator
Operator

[Operator Closing Remarks]