One of the nation’s largest homebuilders is bringing more than 200 homes to a site along Interstate 17, south of the Loop 303.
The location is one of the top new job creation sites in the Valley as the Taiwan Semiconductor Manufacturing Co. (TSMC) is building a 1,128-acre manufacturing plant in the same area. Lennar had identified the site and was working with the city of Phoenix long before TSMC announced plans to build a plant nearby, according to the company.
“This new Middle Vistas neighborhood is in a highly desirable location and it’s even more desirable now that this major semiconductor plant is under construction,” says Jeff Gunderson, senior vice president of land acquisition and development for Lennar.
Two hundred and twenty eight homes will be located on the west side of I-17, just north of the Central Arizona Project canal and south of the Dixileta Road alignment.
Construction is estimated to begin in about two months. Plans call for single story homes between 1,700 and 2,600 square feet and priced in the $400,000-$500,000 range. Models will be available toward the end of next year.
The site backs up to what will become a pristine mountain preserve. Of the 190-acre parcel, Lennar is donating 120 acres to the city of Phoenix for the preserve. The remaining 70 acres will be used for homes. Lennar’s community amenities will feature parks and trail systems leading directly into the preserve, in addition to ramadas and tot lots.
“Our customers are already reaching out to us and excited about this new neighborhood,” Gunderson shares. “Available land near the I-17 is difficult to come by and we’re thrilled to have another community right near this major transportation corridor.”
Lennar is also highlighting another nearby community a couple of miles northeast of Middle Vistas. Copper Leaf at Sonoran Foothills opens in the first quarter of 2022 on Dove Valley Road and Rancho Paloma Drive.
These two neighborhoods are unique in that most land in the area is either owned by the county, state or federal government, which doesn’t leave a lot of opportunities for homebuilders or homebuyers. The recent closing on the Middle Vistas property was the only private land available west of I-17, north of the CAP canal all the way to Lake Pleasant Parkway. To learn more, visit lennar.com.