Mattamy Homes has closed on another major land purchase in the Phoenix area, marking the company’s 7th significant acquisition in 2021. The company’s latest purchase is for a 145-acre property in Goodyear, Ariz., known as Las Ventanas, in a deal worth $20.45 million and approved for 412 home sites. The deal closed on November 30, 2021.
“Our Phoenix team is looking forward to bringing new, Mattamy-signature designs to Las Ventanas,” says Don Barrineau, President of Mattamy’s Phoenix Division. “Based on its extremely favorable combination of value, range of product options and convenient location, we expect the community will be highly appealing to a diverse demographic including families, mature downsizers and outdoor enthusiasts.” The purchase caps an historic year of acquisitions for the company’s Phoenix Division, with $102.6 million and 1,926 lots positioning the organization for years of industry leadership and dedication to the market. In addition to Las Ventanas, Mattamy closed on the following properties in 2021: • Tierra Vistoso – Surprise (178 lots, $6.7 million) • Empire Pointe – Queen Creek (532 lots, $33 million) • San Tan Heights – San Tan Valley (324 lots, $20.3 million) • Sereno Phase 2 – Peoria (133 lots, $5.8 million) • Aria Ranch – Surprise (139 lots, $5.4 million) • Miravida (aka Bonita Ranch) – Surprise (208 lots, $11 million)
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GL Homes is hot for the Boca Raton market, just recently closing on 334 acres for a price of $215 million. The land was farmland that had been owned by the same family since 1940. The purchase follows shortly after the builders purchase of a 190-acre city-owned golf course that GL will transform to a community of 500 homes.
Led by President Misha Ezratti, GL Homes paid $65.7 million for the Boca Raton Municipal Golf Course, according to records. The seller is the city of Boca Raton. The sale was supposed to close a year ago but was postponed. The builder paid an additional $250,000 due to the postponement. California-based Landsea Homes Corp., has purchased more than 900 lots in a subdivision in Kyle, Texas, called Anthem Texas.
The lots are the last that remain in the 422-acre master-planned community, which is located along FM 150, west of downtown Kyle and about 4 1/2 miles west of Interstate 35. The first homes are expected to be ready for buyers to move into in late 2023. Prices for the homes have not yet been set. Once completed, Anthem will have about 1,500 single-family homes in all, along with an elementary school, an amenity center and commercial space. According to housing-market research firm Zonda, the Kyle-Buda area led the Austin region in terms of annual new home starts (2,900 starts) in the 12 months that ended in September. Ashton Woods Homes is expanding again with the acquisition of Capitol City Homes in Raleigh. Capitol City entered the homebuilding market in 2010 and steadily became a driving force in the market with homes priced from $200,000 to $500,000.
The company, with its 27 employees, expects to build 325 homes this year. Its closings tallied $55.7 million in 2020. The company’s managing partners will join the leadership team at Ashton Woods’ subsidiary Starlight Homes in Raleigh. Developer Dwight Saathoff has tapped PulteGroup to be the primary builder in his unique Agrihood concept to be built in the Orlando market. The 1,185-acre master-planned community will feature about 2,000 homes, a 9-acre working farm, two major community gardens, and 20-acre public community park, and a farm-to-table restaurant.
The property, officially called “The Grow,” is located about 15 miles east of Downtown Orlando, off State Road 50. A wide variety of home styles will be included, from townhomes to estates. Pulte also recently closed on the land for a new Centex-branded neighborhood called Sawgrass at Coral Lakes. Located within the existing Coral Lakes community in Cape Coral off Del Brado Boulevard, with quick access to Pine Island Road, Sawgrass will offer 230 new-construction townhomes within the guard-gated, master-planned neighborhood. The first release of quick move-in homes is anticipated for purchase and move in by summer of 2022. |
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