In our hot housing market where low inventories are a big part of the problem, Tri Pointe Homes (which served the Phoenix market for more than 25 years under the name Maracay®) has acquired 210 homesites on which it plans to build new homes in three communities across the Phoenix metro area. The land purchases in Chandler and San Tan Valley fit the homebuilder’s growth strategy and focus on areas with convenient access to major transportation and employment corridors, as well as educational centers and consumer attractions.
Tri Pointe Homes acquired 86 homesites in Chandler on almost 26 acres that formerly served as a plant nursery. On tap for the new community, Treeland, are nursery-inspired community gardens and greenspaces as well as easy access to employment centers and the restaurants and high-end retail of the Ocotillo area. Development is anticipated to start in late 2021, with an opening expected in 2023.
Less than 14 miles to the east in San Tan Valley, Tri Pointe Homes acquired 52 homesites for development into a new neighborhood in Oro Ridge. Backed by the stunning San Tan Mountain Range, the community is expected to include a trail system and pocket parks, and will offer easy access to East Valley commercial and entertainment centers such as Schnepf Farms. Development by Tri Pointe Homes is underway with sales anticipated to start in 2022.
Lastly, Tri Pointe Homes’ approximately 27-acre acquisition, also in San Tan Valley, is slated to become a 72-homesite neighborhood in the second phases of the master-planned community of Bella Vista Farms. Anticipated to open in 2023, the community offers easy access to major tech employment centers and plentiful shopping, dining and entertainment options in Queen Creek.
Tri Pointe Homes builds high-performing homes with cost and environmental savings in mind through its LivingSmart® program, which spans design and development to construction and the ongoing operation of a home.
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