Forestar Toscana Development Company, a joint venture between developer Foremost Companies and an affiliate of investor Starwood Capital Group, have announced that PulteGroup’s Del Webb brand will be building the first two neighborhoods in Terramor, a 961-acre master-planned community in Temescal Valley, near Corona, California. Taken together, Cortina and Ardena by Del Webb will contain 240 new 55+ homes, which will range from 1,579 to 2,172 square feet in size.
Cortina and Ardena by Del Webb will represent over 50% of the 55+ home sites in the first phase of Terramor, which has been approved for 1,443 single-family homes in a mix of 55+ and all-ages neighborhoods. A six-acre recreation facility is also under development; known as the Terrace Club, the site will contain an indoor and outdoor pool, cabana, fitness center, sports facilities and a 20,000 square-foot clubhouse exclusively for 55+ resident use. The community will also include nature trails and paseos, as well as numerous outdoor parks and outdoor activity areas.
Given the lack of new 55+ housing options in the region, Steve Cameron, president of Foremost Companies, believes that the upcoming Del Webb neighborhoods will meet the demands of a discerning Baby Boomer population. "The first two neighborhoods at Terramor offer an incredible opportunity to address regional housing demand, while providing sophisticated and modern housing for the 55+ demographic desiring a vibrant, social, and comfortable lifestyle," said Cameron in a release. "Foremost Companies is proud to partner with Starwood Capital Group on this truly unique and thoughtfully-planned development."
Cortina and Ardena by Del Webb are expected to open this spring.
