Grand Opening of Lennar Homes models, food trucks, music, kid’s activities and Easter Bunny visit

TUCSON, ARIZONA — La Estancia will be celebrating the opening of Lennar Homes’ new home neighborhood and models at the La Estancia Spring Celebration event from 12 p.m. to 3 p.m. on Saturday, April 13.

The Spring Celebration event is open to the public and will feature food trucks, music, face painting, a balloon artist, inflatable bounce houses, raffles and model home tours of all three new homebuilders – Meritage Homes, Richmond American and Lennar Homes.

Event guests will start the La Estancia Spring Celebration event at the La Estancia Community Park located at 6725 E. Via Pompas Morenas in Tucson to receive an event map with model locations and enjoy event activities. A special visit from the Easter Bunny is scheduled for 1 p.m.

La Estancia’s family-friendly community offers a diverse range of home styles and recreation experiences for residents. The hub of the community is the expansive community park featuring a pool, children’s play area, splash pad, event lawn, and picnic ramadas.

The award-winning La Estancia community is located along the I-10 between Wilmot Road and Kolb Road, and offers nearby access to the Julian Wash trail system. The community is within close proximity to the University of Arizona, the David-Monthan Air Force Base, Tucson International Airport and the highly-ranked Vail School District. www.sunbeltholdings.com/property/la-estancia.

TUCSON, Arizona – SBH La Estancia, an affiliate of Sunbelt Holdings, the developer of La Estancia has sold 350 lots in 2017 with Meritage, Richmond and now Lennar Homes there. La Estancia has sold more lots than any master planned community in metro Tucson, making it the best performing community for lot sales this year.

Most recently, Lennar closed on 112-lots for $6.16 million, or $55,000 per finished lot and $1,100 per front foot.

Will White with Land Advisors Organization in Tucson handled the transactions with associate, John Carroll.

“La Estancia has been successful from the day it opened. It hits all the marks for homebuilders from location, proximity to major employment and Vail School district. In addition, the community has seen strong sales and price appreciation over the past 18 months. Success builds on success. With all of the new acquisitions in the project this year and all the new construction, we expect La Estancia to have plenty of room to run in 2018 and 2019.”

Senior Vice President at Sunbelt Holdings, Bob Bambauer who oversees the La Estancia project told us that due to the increased demand for the 50-wides, they intend to replat the 65-foot wides to 45-foot wide lots.

“With the recent lots sales and the replatting of the larger lots, we are now focused on planning the southern half of the site,” said Bambauer. “We will have a variety of lot sizes ready for development throughout 2018 and beyond.”

La Estancia, a 556-acre master planned community, offers master-planned living in this prime southeast submarket. Centrally located just off of I-10 and Wilmot Road and nearby some of Tucson’s most prominent employment centers including Raytheon Missile Systems, Davis Monthan Air Force Base, U of A Tech Park and the Tucson International Airport. Residents benefit from community amenities including a sparkling pool, splash pad, shaded ramadas and play equipment, ready for use.  Future plans include sports fields and more.

TUCSON, ARIZONA – Meritage Homes acquired 142 SFR lots at La Estancia having almost completed its first phase of 195 lots in this new master planned community since opening in June 2016.

The seller, SBH La Estancia, an affiliate of Sunbelt Holdings, sold the lots for $6.25 million, or $44,000 per finished lot and $1,100 per front foot. Meritage homes range from 1,612- to 2,917-square-feet.

La Estancia offers master-planned living in a prime southeast submarket location, just off of I-10 and Wilmot Road, and nearby some of Tucson’s most prominent employment centers including Raytheon Missile Systems, Davis Monthan Air Force Base, U of A Tech Park and the Tucson International Airport. Residents benefit from community amenities including a sparkling pool, splash pad, shaded ramadas and play equipment, ready for use. Future plans include sports fields and more.

Richmond American, continuing its acquisition surge, bought 98 lots at Bridge Pass II in Dove Mountain in Marana for $6.8 million from Forestar (USA) Real Estate Group of Austin, TX. The lots, platted and engineered, are to be finished by Richmond, a new builder at Boulder Bridge Pass.

Richmond lot purchases have been surging,  with 1,267 lots acquired in the Tucson Metro area within the past year.

Boulder Bridge Pass is at the northwest corner of Dove Mountain Boulevard and Boulder Bridge Pass. The 98 lots are on about 44.5 acres with open space and consist of (30) 85’X150’ and (68) 60’X125’

Will White with Land Advisors Organization in Tucson handled both of these transactions with associate, John Carroll.

“The market for land is hot overall and we are seeing continued demand by homebuilders to build in Tucson’s better performing projects,” said White. “The communities on the southeast and northwest parts of Tucson Metro have seen almost 80% of the lot transactions over the past 18-24 months. This is mainly due to the success that is coming out of those regions of Tucson. We see no reason that those areas won’t continue to be the talk of the town”

“The Tucson master-planned communities continue to see a large amount of demand from homebuilders in the past 18-months. Sales, permits, and traffic have been strong from these specific projects and homebuilders are looking to continue to build on that success. We feel that this trend will continue in the communities that have proven to have very good pricing power and pace.” White stated.

For more information, White and Carroll should be reached at 520.514.7454.

To learn more, see RED Comps #5239 and #5258.