New Construction News
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Homebuilder Landsea Homes sold all 92 homes in Vidrio at Estrella, a neighborhood within the Estrella master-planned community in Goodyear.
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Developers broke ground on Silver Sky, an 18-acre community in Paradise Valley, on June 12.
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New-home construction jumped 5.7% month over month after a soft March, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.
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Rockefeller Group broke ground on Corsica Villas, a pair of build-to-rent communities located in South Phoenix.
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Located at the intersection of South Greenfield Road and East Superstition Drive in Gilbert, Stonegate Court will include 22 homes and community amenities like sports courts, green spaces and a ramada.
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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.
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“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.
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Landsea Homes recently purchased 90 homesites in Mesa for a new community called Circlestone.
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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.
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Trilogy Investment Company broke ground on Rêve at Avondale Station, a 107-home build-to-rent community in the Maricopa County city of Avondale.
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Mattamy will build 118 single-family homes on the 30-acre parcel of land.
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All 123 homes in Marketside Tercera at Verrado, a neighborhood within the Verrado master-planned community in Buckeye, are sold out.
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The Howard Hughes Corporation announced the first four builders for Teravalis, a 37,000-acre community in the Phoenix West Valley.
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“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.
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Belgravia Group topped off the first building of Portico, a nine-building condominium development located in the Loop 101 and Scottsdale Road corridor.
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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.