Landsea Homes, the Chinese-owned home building company, today announced the purchase of land in Chandler for its first community in Arizona. The company did not disclose terms.
The company has developed homes in New York, Boston, New Jersey, and throughout California in Silicon Valley, Los Angeles and Orange County.
“We have been considering an expansion into Arizona for quite some time,” said John Ho, CEO of Landsea Homes. “Our strategic focus continues to be creating communities in highly-desirable markets across the United States that appreciate exceptional planning, an unmatched attention to detail and best-of-class, high-performance homes.”
The new community in Chandler is slated to include 78 single-family home sites with resort-style amenities including a community pool and expansive open space for gatherings. Land development is expected to begin in fall 2018, and the first closings are expected in late 2019.
“Chandler’s low unemployment, steady job growth and premier school district have made it a destination location for new homebuyers,” noted Ho. “Home to important, global technology companies like Intel and Orbital ATK, Chandler is the perfect market to introduce Landsea Homes.”
