Howard Hughes Holdings Inc. announced the addition of New Home Co. to the roster of homebuilders at Teravalis™, the company’s new community located in the Phoenix West Valley. New Home Co. joins Brightland Homes, Century Communities, Courtland Communities, KB Home and Lennar as homebuilders for Floreo, the first village of Teravalis. Floreo is under development, slated for a grand opening in 2025, and is expected to deliver the first 8,000+ homes in Teravalis over the next decade.
“As lot deliveries commence at Teravalis in advance of its grand opening in 2025, we are excited to welcome New Home Co. to the growing list of leading homebuilders at this exceptional new West Valley community,” said Charley Freericks, President of the Phoenix Region for Howard Hughes. “Innovation and sustainability are at the forefront of our shared approach to expert community building as we work with our homebuilder partners to bring much-needed housing to the rapidly growing Phoenix West Valley—and deliver the outstanding quality of life that Howard Hughes communities are known for.”
“To support our company’s goal of moving forward, we are guided by core values of inspired design, innovation, and sustainability, which drive our business model and the delivery of new homes,” said Eric Montgomery, Division President, New Home Co. “We’re excited to partner with Howard Hughes, a nationally acclaimed community builder, and help bring their vision for Teravalis to life over the coming years.”
Additional homebuilders and development updates will be announced in the coming months.
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