Three land deals in the last month totaling almost $60 million are bringing a projected 1,195 in and next to Queen Creek.
The biggest of the three deals was Tri Pointe Homes Arizona’s acquisition of 252 acres of San Tan Valley land bordered by East Combs, East Hash Knife, North Kenworthy and North Schnepf roads for $27.7 million for the 774-home Ware Farms planned community.
Shea Homes’ purchased 38.5 acres of vacant farm land on the southwest corner of Germann and Crismon roads for $8.53 million for the 176-home phase 2 of Jorde Farms, according to Valley real estate tracker vizzda.com.
And Mattamy Homes shelled out $23.45 million for a 254-home called The Quarters of Queen Creek on 88 acres at Gantzel and Combs roads. According to vizzda, the March 28 Mattamy purchase from Montage Acquisitions occurred on the same day Montage had acquired the site for 13.78 million.
Scottsdale-based Mattamy, which describes itself as “North America’s largest privately owned homebuilder,” said The Quarters lots will primarily be 50’x120’ and 60’x120’ though some will be 70’x120.’
The homebuilder said it will offer both single- and two-story houses with 40-foot and 50-foot plans and that the latter will include three-car garages.
Planned amenities include a 1.8-acre park centrally located within the community with open-turf areas, shaded ramadas, picnic tables, play structures and sports courts. There is also a 1.5 mile-pedestrian trail encircling the community.
The Queen Creek Wash runs along the community’s northern edge and Mattamy said it expects to start offering lots for sale in early 2022.
“Our latest acquisition in Queen Creek will be highly appealing to those looking for open, spacious floorplans, a wealth of outdoor amenities and a highly desirable location, joining our Pinnacle at San Tan Heights and Empire Pointe communities in the east valley, with more to come,” Mattamy said.
Tri Pointe, previously known as Maracay Homes, said its purchase its “strategy of building quality, innovative homes in locations with convenient access to major transportation and employment corridors,”
It said it will offer four designs with homesites ranging from 48 to 65 feet. It plans a large clubhouse pool, event lawns, a two-acre lake, sports courts and fields. It also will develop 10 of 15 park acres.
“We’re thrilled to be kicking off things with the development of Phase 1 at Ware Farms, which will be a significant planned community for years to come, said Tri Pointe Arizona Division President James Atwood.
Earlier last month, Taylor Morrison bought nearly 91 acres for $10.8 million at Schnepf and Combs roads for a projected 309 homes, vizzda reported.