Maracay, a wholly owned company of the TRI Pointe Group , celebrated the start of construction on its newest community in Gilbert, The Lakes at Annecy, a partially developed master plan community that fell dormant during the recession.
Gilbert Mayor Jenn Daniels, Vice Mayor Brigette Peterson and other special guests joined Maracay President Andy Warren and company leaders at a groundbreaking ceremony to commemorate the occasion. The event, coincidentally, followed the release of a new study revealing Gilbert as No. 1 among the nation’s 100 largest cities and towns for its ability to recover from the 2007-09 downturn.
“This is a big day, not only for Maracay, but for the entire town of Gilbert,” said Warren. “This groundbreaking signifies so much more than the resurgence of a formerly distressed community. It represents the hard work and resilience of everyone in the community who has helped make Gilbert the nation’s town with the fewest signs of economic distress coming out of the recession.”