Phoenix, Ariz. – Landsea Homes announced another strategic expansion in Arizona with the acquisition of 476 finished single-family homesites at Sunrise Ranch in Surprise.
“Sunrise Ranch in Surprise provides Landsea Homes with another great opportunity to grow and expand in the highly sought-after northwest Phoenix market,” said Greg Balen, Arizona division president, Landsea Homes. “We’re looking forward to offering buyers these new homes that meet their needs, providing modern living with high-quality features and our great attention to detail at an attainable price point.”
Sunrise Ranch is a 130-acre single-family community consisting of three different new home product offerings and multiple lot sizes anchored by an integrated network of community amenities, including a central park, active open space, and walking and biking trails. The community is located at the northeast corner of 171st Avenue and Jomax Road.
Home sales for Sunrise Ranch are expected to begin in mid-2021.
Surprise is a sprawling suburban city located in the northwest Phoenix Metropolitan area, just 45 minutes from Downtown Phoenix and the Sky Harbor International Airport. It’s one of the 10 largest cities in Arizona, and residents and visitors enjoy the small-town feel with big-city amenities.
It’s also close to Arizona State University and regional offices for well-known companies including American Express, Intel Corporation, Honeywell and Mastech Digital.
“The growing city of Surprise has something to offer everyone. It’s safe, booming with family-friendly activities for all ages and employment opportunities, and we know that the general affordability of these new homes will be a big draw for families in the area,” added Balen.
The Villages at North Copper Canyon, a Garrett Walker collection community by Landsea Homes is also currently selling in Surprise.
“Homes in Surprise have been selling at an incredible pace for Landsea,” said Todd Condon, vice president of sales and marketing, Arizona division, Landsea Homes. “The Park at North Copper Canyon sold out in just 10 months and The Villages at North Copper Canyon have sold more than 120 homes in just six months. The sales success we’ve experienced in such a short period of time speaks to the true value of these homes and how strongly they are resonating with new homebuyers. With our acquisition of Sunrise Ranch, we are excited about the opportunity to grow in this submarket.”
This news comes on the heels of Landsea’s plan to merge with LF Capital Acquisition Corp. (NASDAQ: LFAC), which would make Landsea a public company in the fourth quarter of 2020.
For more information about Landsea Homes’ Arizona communities, visit www.landseahomes.com.