March 15, 2025 2:14 pm
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Lennar, Taylor Morrison buy lots at giant master-planned community

(Disclosure: Rose Law Group represents Lennar and Taylor Morrison.) 

By Angela Gonzales | Phoenix Business Journal

Two of the nation’s largest homebuilders just plopped down a total of $54 million to buy the first nearly 600 lots at Saddleback, a new, 5,300-acre master-planned community being developed in north Peoria.

Miami-based Lennar Corp. (NYSE: LEN) and Scottsdale-based Taylor Morrison Home Corp. (NYSE: TMHC) are the first two homebuilders to buy land at Saddleback, being developed by Austin-based Castle Hill Partners.

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