Acquisition of significant and sought-after property signals Mattamy's confidence in strength and future of Tucson market
MARANA, ARIZONA — Mattamy Homes closed on 115 lots (50’X120′) in Block 31 of Gladden Farms for $7.45 million ($65,000 per finished lot). The 22 acres was purchased from Gladden Phase II, LLC (Crown West Land Group, Dean Wingert, Vice President).
Gladden Farms is a 1,350-acre master planned community in northern Marana, just west of Interstate 10 between Tangerine and Moore Roads. The master-plan was the top performing community in the Tucson area in 2020 with 235 new home sales and is the most active project in the Northwest Tucson submarket. The community will now be home home to 6 builders: Meritage Homes, Richmond American, Lennar, Pulte Homes, KB Home and Mattamy Homes.
Located minutes north of Tucson in the heart of Marana, Arizona, west of Interstate 10, the new Mattamy neighborhood will be known as Glenmere at Gladden Farms and will open later this year. The homes will back onto open green spaces and common areas, offering a variety of single- and two-story floorplans, homesites . The land sale represents the first homebuilder purchase in a new phase of Gladden Farms which will include over 800 lots to be purchased and developed in 2021. This surge in acquisition and development activity comes as follow up to a very strong 2020 for the master-plan.
"We are very excited to be able to offer Mattamy homes in such a beautiful and established master-planned community," says Anjela Salyer, Vice President of Mattamy's Tucson Division. "The product offering we're planning will appeal to a variety of young and mature families, seeking a strong community and access to great amenities, in addition to those looking to downsize with the hassle-free lifestyle afforded by new construction. The Mattamy Homes team is looking forward to our opening in early 2022, introducing Glenmere at Gladden Farms."
The highly desirable area is currently home to more than 2,000 residences, offering numerous amenities including spacious parks, miles of paved walking trails, one of the largest children's splash pads in southern Arizona, sports fields, a dog park and an elementary school, all within walking distance of the new Mattamy community. Glenmere at Gladden Farms will feature Mattamy's distinctive community design and architectural style as well as commitment to home quality and customer experience.
"At Mattamy we are enthusiastic about the growth potential of the Tucson market, as we believe that people will be looking to southern Arizona as a place where they want to live and raise a family, own a second home or retire to," says Salyer. "Our Gladden Farms acquisition will serve those needs exceptionally well. Along with our established communities for sale and other upcoming acquisitions, this is an example of our commitment to the Tucson market, and of our company's confidence in the future of housing locally."
Will White and John Carroll of Land Advisors Organization in Tucson handled the transactions and have the marketing assignment for all of Gladden Farms.
“2021 is set to be a record shattering year at Gladden Farms," White commented. "The demand for lots is being backed up by the strong pace of the community which is carrying over well into 2021. Now with six homebuilders in the community, we anticipate the pace to continue to increase as well as pricing power and great product options."
For additional information, White and Carroll should be reached at 520. 514.7454