Shea Homes has purchased another big piece of land in Arizona, the company announced Wednesday, on which it plans to build 336 single-family homes.
The builder purchased 150.35 acres of land in Queen Creek, Ariz. from PBS Germann LLC for just under $20 million.
Model construction is slated to begin in November 2017 and the yet-to-be named community has a target opening of spring 2018. The homes will range in size from approximately 1,800 to 3,100 square feet.
“When you look at the Valley and how it’s growing, this is a natural transition for Shea Homes to expand our footprint in the thriving East Valley,” said Dave Garcia, vice president of land acquisition and development for Shea Homes Arizona. “Queen Creek has blossomed from a farming community into a vibrant, amenity-packed place to raise a family. The sporting facilities, retail, and restaurants at Queen Creek Marketplace, and freeway extension are all reasons why this area is a draw to new home buyers.”
In the past year, Shea Homes has opened four new communities around the Valley: the modern gated community of 24 North in Phoenix, the Shea3D community of Ambition at Eastmark in Mesa, and the condo communities Vantage in Ahwatukee and Carino Villas in Chandler. Shea is also preparing to open The Reserves, a luxury gated community in Gilbert, in early 2017. In recent months, Shea has announced the purchase of 75.3 acres in Gilbert and 71 acres in Peoria, where new communities are planned for 2017.
