ARIZONA NEWS

Landsea plans 90-home gated community on newly purchased Mesa land

Apr 21, 2024, 5:45 AM

Stock photo of a worker hammering at a construction site. A dallas-based homebuilder recently close...

A Dallas-based homebuilder recently purchased 14.5 acres in Mesa to create a 90-home gated community. (Bryan Snider Photo)

(Bryan Snider Photo)

Dallas-based Landsea Homes Corp. (Nasdaq: LSEA) just closed on a 14.5-acre parcel in Mesa, with plans to create a gated community with 90 homes.

Kennedy Lewis Investment Management, as land banker for Landsea Homes, paid $10.58 million cash to an entity tracing to Arcadia Capital Group for the land, according to Tempe-based real estate database Vizzda LLC.

The 90 platted and engineered lots are at the northwest corner of Loop 202 and University Drive, according to Vizzda.

To be called Circlestone, the gated community will include a mix of single-story and two-story floor plans ranging from 1,400 to 2,600 square feet.

Land development will begin next month, with sales expected to begin in June 2025, said Heather Cammiso, Arizona division president for Landsea Homes.

This story is posted in partnership with Phoenix Business Journal. Click to read the full story.

We want to hear from you.

Have a story idea or tip? Pass it along to the KTAR News team here.

Arizona News

Valley rainfall...

Aaron Schmidt

Valley gets fair share of rain, hail in stormy Sunday afternoon

The Valley got its fair share of rainy weather on Sunday, with some parts of the Valley even getting hail. The Valley should experience continued light showers until 8 p.m.

19 minutes ago

Phoenix Police...

Aaron Schmidt

Phoenix man dead after late-night fatal collision

Phoenix Police responded to a call Saturday night about a collision that left one man dead in Phoenix, authorities said.

2 hours ago

Man chopping barbecue meats in downtown Mesa...

Payne Moses

Second annual Downtown Mesa BBQ Classic set for Nov. 8-9

Pitmasters and smoky meat connoisseurs will join forces this weekend in the East Valley, as the Downtown Mesa BBQ Classic will take over for the second year running.

4 hours ago

Vice President and Democratic presidential candidate Kamala Harris...

Payne Moses

Harris-Walz campaign hosting Phoenix rally on eve of Election Day

The Harris-Walz campaign will be in Phoenix on the eve of the 2024 presidential, as part of its nationwide Get Out The Vote initiative.

5 hours ago

Aerial shot of property formerly Half Moon Windy City Sports Grill...

Payne Moses

Law firm transforming longtime Phoenix bar into new office space

Half Moon Windy City Sports Grill closed in February after 18 years of serving the Valley and will be repurposed into an office space for land use law firm, Withey Morris Baugh.

7 hours ago

Maricopa County early ballot drop off sign...

Associated Press

When polls close in Arizona, other battleground states on Election Day

Polls open at 6 a.m. in Arizona, which Joe Biden carried in 2020 by 0.3%. Polls will close at 7 p.m.

8 hours ago

Sponsored Articles

...

Day & Night Air Conditioning, Heating and Plumbing

Why a Heating Tune-Up is Essential Before Winter

PHOENIX, AZ — With cooler weather on the horizon, making sure your heating system is prepped and ready can make all the difference in staying comfortable this winter.

...

Morris Hall

West Hunsaker, through Morris Hall, supports Make-A-Wish Foundation in Arizona

KTAR’s Community Spotlight this month focuses on Morris Hall and its commitment to supporting the Make-A-Wish Foundation in Arizona.

...

Sanderson Ford

3 storylines to get you revved up for the 2024 Arizona Cardinals

Arizona Cardinals training camp is just a couple weeks away starting on July 25, and Sanderson Ford is revved up and ready to go.

Landsea plans 90-home gated community on newly purchased Mesa land