Lennar has signed up as the first home builder at Cadence at Gateway development in Mesa, Az., according to the Phoenix Business Journal's Mike Sunnucks.
Lennar (NYSE: LEN) plans on building 68 homes near Ellsworth and Ray roads at the Cadence development. Homes will range between 1,800 and 2,900 square feet.
Lennar thinks the spot is primed for growth.
“We see this location as the future growth area of Mesa and the Southeast Valley and we are excited to be a part of this beautiful new community,” said Lennar Arizona Division President Alan Jones.