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91 premium homesites expected to open for sale in early 2019
CHANDLER, Ariz. (Nov. 2, 2017) – Maracay Homes, a wholly owned company of the TRI Pointe Group (NYSE: TPH), has closed on 91 premium homesites in Chandler, Arizona for a total purchase price of $9 million dollars.
The 37-acre parcel, located at the southeast corner of Cooper and Riggs roads, will be developed into Windermere Ranch, a new, single-family home neighborhood featuring all single-story homes. The community is scheduled to begin development in late 2017 and open in early 2019, said Jason Weber, Maracay Homes’ vice president of land acquisitions and development.
Culver White and Carl Lueck of Insight Land and Investments in Scottsdale brokered the transaction between Maracay and the seller, Cooper Lots, LLC, an entity owned by the Ho family. Homes are planned to be built on 10,000-square-foot homesites and will range from approximately 2,600 to 3,500 square feet.
“Maracay is excited for the opportunity to develop another premium community within the highly sought after and land-constrained Chandler submarket,” said Alex Rihl, Maracay Homes senior land acquisition specialist. “The community will incorporate elements evoking the character of the area and pay tribute to its history.”
Windermere Ranch is conveniently situated in Chandler’s fast-growing southern region, just minutes from the city’s s iconic downtown area and major East Valley employment centers, shopping, dining and other amenities via the SanTan Freeway and nearby major expressways.
For more information on Windermere Ranch, please contact Maracay Homes New Homes Specialist Pam Meyer at NewHomes@MaracayHomes.com or by calling (480) 826-8542.
About Maracay Homes®
For more than 25 years, Maracay Homes has been a leader in the Arizona real estate industry, providing homebuyers with smarter choices that serve both their lifestyle and the environment, while constructing more than 9,000 homes for families throughout Phoenix and Tucson. Maracay Homes’ exclusive FlexDesign® program gives homebuyers the unique ability to tailor their new home to the life they want to live. The company’s Energy Star® and LEED® certified homes feature the latest generation of high-efficiency technologies and sustainable building materials and practices, and the LivingSmart® program continues this comprehensive approach to green living. Maracay Homes has earned numerous awards including the 2017 NationalsSM Silver Award by the National Association of Home Builders, back-to-back Major Achievements in Merchandising Excellence (MAME) Awards by the Homebuilders Association of Central Arizona in 2016 and 2017, and was previously named Builder of the Year by the Southern Arizona Home Builders Association (SAHBA). Maracay Homes is a member of TRI Pointe Group® (NYSE: TPH), a family of premium regional homebuilders. For more information about Maracay Homes, please visit www.MaracayHomes.com.