Shea Homes is expanding its presence in Arizona with a 45 acre site in Gilbert, which has some of the highest income and education levels in the East Valley. The builder plans to create a 90-unit luxury, single-family home community at the site, which it bought for $7.1 million from The Reserves at Val Vista, LLC. Shea Homes will start developing the land in April.

“We are looking forward to building a beautiful new community that provides the convenience of urban living with easy access to open spaces, parks, and nearby equestrian and hiking areas,” said Ken Peterson, vice president of sales and marketing for Shea Homes Arizona.

Read more >