The nation’s largest privately owned homebuilder has closed a $33 million deal to acquire 153 acres approved for 533 homes in Queen Creek.
Mattamy Homes, which is based in Orlando, Florida, said the property — known as Empire Pointe, on the north side of Empire Boulevard between Signal Butte and Gary roads — positions the company for long-term success in the Phoenix metro market.
Plans for the land include single-family homes that will be 35, 45 and 55 feet wide, with a centrally located amenity area including a fitness center, outdoor pool, hot tub, social spaces with seating, fireplace and cooking areas, as well as pickleball and basketball courts, park areas with play equipment, covered armadas and walking paths.
The purchase is the homebuilder’s largest in Arizona in the past 10 years and its largest overall in the past three years.
“Our team is extremely enthusiastic about this major acquisition, as it represents the latest example of our company’s commitment to having an important presence in the East Valley, and of our confidence in the future of housing locally,” Don Barrineau, president of Mattamy’s Phoenix Division, who was appointed to the position in March, said in a statement. “Queen Creek is one of the most highly desirable and fastest-growing areas in the market, with good schools, excellent recreation opportunities and up-and-coming employment centers. We’re excited that Mattamy is going to be a big part of the future growth here.”
Mattamy last month made another significant land buy in nearby San Tan Valley.
Queen Creek has drawn a flurry of homebuilder activity lately, with a number of land buys in recent months, including a May purchase by Chandler-based Starwood Custom Homes to build 100 houses next year and another in March by Shea Homes to build 225 houses.
Mattamy plans to begin building model homes a year from now, with the community opening in October 2022.