By AZ Business Magazine
Tri Pointe Homes, a recognized leader serving the Phoenix market for over 30 years under the name Maracay, has acquired approximately 40 acres of land in Gilbert, Arizona, for $18.2 million. Located at the southwest corner of Pecos and Greenfield Roads, Tri Pointe intends to develop the land into a new residential community named Lusitano that includes 76 preliminary platted homesites, with sales anticipated to begin in 2027.
“Gilbert is one of the most exciting and connected locations in the East Valley, and with Tri Pointe’s latest land acquisition at Lusitano, we’re proving our commitment to the momentum of this extraordinary city,” said James Attwood, Tri Pointe Homes Arizona Division President. “In just the past year, Gilbert has earned a windfall of national accolades including the number one mid-sized city for economic growth, the third safest and most affordable city in America, and a roster of other outstanding achievements[1]. That’s a legacy Tri Pointe Homes is proud to support with Lusitano. As Gilbert continues to raise the bar nationwide, we are committed to delivering homes that embody the city’s spirit of excellence.”
