Harvard Investments Sells 492 Lots


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Due to Demand, Maracay and Toll Brothers also Move Forward with Phase 3,
 An Additional 377 Homes in Six Neighborhoods in Mesa

 Arizona-based real estate investment and development company Harvard Investments announced they sold all 12 neighborhoods – 863 lots –  in Phase 2 and 3 of the Cadence at Gateway master-planned community in Mesa to national homebuilders Lennar Homes, Maracay and Toll Brothers. Due to demand in Phase 1, which is 90 percent sold in less than a year, all three builders are moving forward. Lennar’s Phase 2 purchase represents 486 lots in six neighborhoods surrounding the community’s newly built elementary school.

 

“We’re delighted to continue collaborating with Lennar Homes in Phase 2 as they’ve created distinctive homes for Cadence homebuyers with their Everything’s Included® features, home automation technology and multi-generational living floor plans,” said Tim Brislin, Vice President of Harvard Investments.

Phase 2

Lennar is beginning to build 486 homes in six neighborhoods as Phase 2 infrastructure wraps up. Their neighborhoods will feature a wide variety of single and two-story home options ranging from 1,700 to just under 2,700 square feet and starting in the low $300s. Lennar’s homesite sizes range from 43’ to 63’ wide by 125’ deep.

“We’re pleased to build upon our success in Phase 1 and bring new options to families with 21 floorplans, including Lennar’s innovative Next Gen® – The Home Within A Home® design. Created for extended families, this layout provides a main home with an attached private suite that’s ideal for elderly parents, returning college children or long-term guests.” said Alan Jones, Lennar Phoenix Division President. “We also love our premium location and are excited to be able to offer new home options for people seeking to call the east valley home. All six Lennar neighborhoods are just steps away from the beautifully modern, newly constructed Silver Valley Elementary School.”

Lennar homebuyers at Cadence will be able to choose from floorplans designed for every stage of life – from first-time buyers, growing families, those with teens, to empty nesters – including two new NextGen® – the Home Within a Home® designs, one approaching 2,600 square feet with a three-car garage.

Beginning January 24, Lennar will begin to pre-sell its first neighborhood in Phase 2, with single and two-story homes ranging from 1,800 to nearly 2,700 square feet – pending their public report. Lennar anticipates families beginning to move into their Phase 2 homes in 2021.

Phase 3

Due to demand, Harvard is also releasing Phase 3. Cadence’s final phase represents 377 lots in six neighborhoods, with Toll Brothers building four neighborhoods and Maracay Homes building two neighborhoods.

“We’re delighted to partner with Maracay Homes and Toll Brothers in the growing Cadence community for Phase 3,” Brislin said. “Maracay Homes is a leading Arizona builder that we are pleased to have join Cadence. Toll Brothers is known for the superior quality of the luxury homes they build. All three builders for Phase 2 and 3 have incredible insight into what individuals and families want in a new home, providing smart designs and floor plans that exceed both lifestyle and environmental expectations.”

Toll Brothers is building 250 homes in four Phase 3 neighborhoods. Two neighborhoods have lot sizes of 48’ by 125’ for 136 homes. Another two neighborhoods have lot sizes of 58’ x 125’ for 114 homes.

For five years in a row, Toll Brothers has been ranked the #1 Home Builder Worldwide on the Fortune Magazine “World’s Most Admired Companies” list. Toll Brothers homes can be personalized with options that add additional bedrooms, bathrooms and square footage

Maracay Homes will build 127 homes in two neighborhoods in Phase 3 and include two-story homes ranging from 1,850 to 2,492 square feet. The first neighborhood, includes 37 homes with lot sizes of 40’ by 105’ with a variety of floor plan options. The second Maracay Homes neighborhood, includes 90 homes on lot sizes of 40’ by 105’ with several different floor plan options.

Recognized in 2019 as a 2018 LEED Homes Award Power Builder, the Maracay LEED® Certified homes will feature water-efficient fixtures, LED lighting, energy-efficient heating and cooling systems, Energy Star® appliances, WiFi-enabled programmable thermostats, and more. LEED® homes are designed to use 30 to 50 percent less energy than typical homes.

All 12 neighborhoods in Phases 2 and 3 will be located just south of the community’s resort-style pools, basketball, tennis and bocce ball courts, as well as the popular amenity center with fitness facilities, game room and meeting spaces. All neighborhoods will have dedicated parks which are connected to the integrated trail system. Phase 2 surrounds Silver Valley Elementary School and Phase 3 is to the east of the school. Cadence has just been named the 43rd fastest selling community in the nation, and eighth fastest in Arizona for 2019.

Find out more about Cadence at Gateway and what makes it the premier residential project in Arizona by visiting https://cadenceaz.com/, or follow us on Facebook, Twitter, Instagram and LinkedIn.

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About Lennar

Lennar, founded in 1954, is the nation’s leading builders of quality homes for all generations. The company builds affordable, move-up, multi-generational and active adult homes primarily under the Lennar brand name. The company has been building in Arizona for over 40 years, is the state’s largest builder and owns considerable land holdings in the state. https://www.lennar.com/.

 

About Maracay Homes

For more than 25 years, Maracay Homes has been a leader in the Arizona real estate industry, providing homebuyers with smarter choices that serve both their lifestyle and the environment, while constructing more than 9,000 homes for families throughout Phoenix and Tucson.

Maracay Homes is a member of TRI Pointe Group® (NYSE: TPH), a family of premium regional homebuilders supported by the significant resources, economies of scale and thought leadership of a national foundation.

The family also includes Pardee Homes in California and Nevada, Quadrant Homes in Washington, Trendmaker Homes in Texas, TRI Pointe Homes in California and Colorado and Winchester Homes in Washington, D.C. area – all together making TRI Pointe Group one of the largest homebuilding companies in the U.S. https://www.maracayhomes.com/.

About Toll Brothers Homes

A Fortune 500 Company, Toll Brothers has been building luxury homes since 1967. The company was recently named Builder of the Year by BUILDER magazine, and was twice named Builder of the Year by Professional Builder magazine. Toll Brothers builds luxury single-family detached and attached home communities; master planned luxury residential, resort-style golf communities; and urban low-, mid-, and high-rise communities, principally on land it develops and improves. https://www.tollbrothers.com/.

About Harvard Investments

Harvard Investments, Inc. is a real estate investment and development company with real estate holdings throughout the western United States. Harvard combines experience, integrity, and financial stability to create high quality, environmentally sensitive, profitable communities. Harvard’s Canadian parent, the Hill Companies, is a privately held diversified company involved in real estate development including construction and leasing of commercial office buildings and retail properties, oil and gas production and distribution, broadcasting, surety bonding, and insurance. The Hill Companies celebrated its 100th year of continuous family ownership and operation in 2003. To learn more visit http://www.harvardinvestments.com/.

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