Two-phase deal for 142 total acres will
ultimately comprise 333 homes at Russell Ranch development
PHOENIX, Oct. 9, 2019 /PRNewswire/ - Mattamy Homes,
North America's largest
privately-owned homebuilder, is pleased to announce that it has
secured a significant property in the west valley of Maricopa County, AZ, that will enable the
company to expand its presence in this key Phoenix submarket while providing homebuyers
with a variety of new product alternatives.
The acquisition is the first of a two-phase deal for a 142-acre
piece of property that will comprise 333 new homes across multiple
product sizes, including 45'-wide, 55'-wide and 60'-wide
single-family homes. Mattamy purchased the first 69 acres from
J&A Camelback Property, LLC for $5.8
million, which will include about 180 homesites, with
expectations to purchase the second phase in the near future,
adding 73 acres and another 153 homesites to the community. Mattamy
closed the initial deal on October 3,
2019. Located at the northeast corner of Perryville Road and
Camelback Road, part of the original Russell Ranch development, the
new Mattamy community will be named Azure Canyon.
"We're excited to further expand our footprint in the West
Valley with a significant community in a vibrant and highly
desirable location," says Harry
Lourimore, President of Mattamy's Phoenix Division. "Azure
Canyon is going to meet the evolving needs of local homebuyers,
including home affordability, through a large and diverse selection
of home designs with flexible and unique options."
Azure Canyon will feature Mattamy's distinctive community design
and architectural flair as well as commitment to home quality and
customer experience. Plans call for a distinctive mix of single-
and two-story homes including the highly regarded floorplans from
popular communities like WestWing Mountain in Peoria and Palm Valley North in Litchfield Park. New plans are expected to
offer optional attached RV garages, a highly sought, yet rare
offering in the Valley.
Other Azure Canyon features for residents include more than 31
acres of open space for planned neighborhood parks, a tot lot,
shaded ramadas and walking trails. The location offers easy access
to Loop 303 and the connecting Interstate 10 and is close to major
area employment and ease for commuting to other areas of the
Valley, including downtown. There is also a wide variety of nearby
retail and dining conveniences and highly rated schools.
Azure Canyon is expected to open for sale in late 2020 with
first closings of homes anticipated before year-end 2020. Land
development will start late this year.
For more information:
https://mattamyhomes.com/phoenix.aspx
About Mattamy Homes
Mattamy Homes is the largest privately owned homebuilder in
North America, with a 40-year
history of operations across the United
States and Canada. Every
year, Mattamy helps more than 7,000 families realize their dream of
home ownership. In the United
States, the company is represented in 10 markets –Charlotte,
Raleigh, Phoenix, Tucson, Jacksonville, Orlando (where its US head office is located),
Tampa, Sarasota, Naples and Southeast
Florida – and in Canada,
its communities stretch across the Greater Toronto Area, as well as in
Ottawa, Calgary and Edmonton. Visit www.mattamyhomes.com for
more information.
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SOURCE Mattamy Homes Limited