New Construction News
With 4,030 build-to-rent units completed in 2023 — a 10-year high — Phoenix is the No. 1 metro in the nation for this type of new construction.
“As a luxury developer new to Arizona and eager to take a prudent approach, sales for Portico outpaced all our expectations,” said Elizabeth Brooks, executive vice president of sales and marketing for Belgravia Group.
Landsea Homes recently purchased 90 homesites in Mesa for a new community called Circlestone.
Located at 777 N. Central Ave., the 26-story, 523,000-square-foot highrise will include 193 studio apartments, 116 one-bedrooms and 92 two-bedrooms.
Trilogy Investment Company broke ground on Rêve at Avondale Station, a 107-home build-to-rent community in the Maricopa County city of Avondale.
Mattamy will build 118 single-family homes on the 30-acre parcel of land.
All 123 homes in Marketside Tercera at Verrado, a neighborhood within the Verrado master-planned community in Buckeye, are sold out.
The Howard Hughes Corporation announced the first four builders for Teravalis, a 37,000-acre community in the Phoenix West Valley.
“This is a huge step forward for Landsea Homes, and we are excited about extending our presence in San Tan Valley,” Heather Cammiso, Arizona division president for Landsea Homes, said in a press release.
Belgravia Group topped off the first building of Portico, a nine-building condominium development located in the Loop 101 and Scottsdale Road corridor.
Toll Brothers opened four new model homes in the Phoenix area: two in Adero Canyon in Fountain Hills, one in Sonoran Trails in Cave Creek and one in Sereno Canyon in Scottsdale.
David Weekley Homes broke ground on a model home in Sentiero, a new-home development within the Windrose master-planned community in Waddell.
David Weekley Homes will construct a community of single-family homes in Escena at Blossom Rock, a master-planned community in Apache Junction.
The builder recently closed on 145 homesites that will serve as an extension of its existing Skye Ridge at Victory neighborhood in the community.
Declining interest rates spurred the increase.
BedBrock Developers will develop Continental Mountain Estates, a 70-acre luxury community in Cave Creek.