Tri Pointe Homes has acquired 210 homesites across the Phoenix metro. The land purchases in Chandler and San Tan Valley will span three communities that have convenient access to major transportation and employment corridors, as well as educational centers and consumer attractions.
“Our goal is to always create healthy and sustainable communities, and land acquisition is the first step in that process,” says James Attwood, Tri Pointe Homes Arizona’s division president. “Such a finite and precious resource requires thoughtful planning so that the real estate is used in an environmentally responsible way and benefits both the lives and lifestyles of the homeowners. The new communities and neighborhoods to come from these three acquisitions in the Valley will reflect that.”
Tri Pointe Homes acquired 86 homesites in Chandler on almost 26 acres that formerly served as a plant nursery. The new community, Treeland, plans to offer 45-foot and 55-foot-wide residences with approximately four different floor plans. The homes are anticipated to range from about 2,400 to 3,200 square feet with three to five bedrooms and two-and-a-half to three baths. 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 in a new neighborhood in Oro Ridge. The 50-foot and 55-foot-wide homes are anticipated to range from about 2,600 to 2,900 square feet with four bedrooms and up to three baths. 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, Tri Pointe’s 50-foot-wide single-story homes are expected to offer three different floor plans, with living spaces ranging from about 2,700 to 3,100 square feet with four to five bedrooms and two-and-a-half to four baths.