AV Homes Purchases 86 Home Sites for New Community in Arizona
New Community Part of Cortessa in Phoenix
SCOTTSDALE, AZ -- (Marketwired) -- 10/21/13 -- AV Homes, Inc.
(NASDAQ: AVHI) has announced the purchase of 86 home sites in the
Cortessa master-planned community in western metropolitan Phoenix.
The new community will be marketed under the name "Mountain Trails at
Cortessa." The community will offer single and two-story homes
ranging in size from 1,560 to 3,600 square feet with an estimated
starting price in the $160s. These homes will feature a variety of
beautiful exterior elevations and open living concepts with sales
anticipated to begin in December 2013.
The Cortessa community captures a small town feeling along with
beautiful amenities, easy access to freeways and the White Tank
Mountain Regional Park. Residents of Cortessa enjoy five parks, 88
acres of landscaped common area maintained by a homeowners
association, nearby K - 12 schools and beautiful views of the White
Tank Mountains. Cortessa is just one and a half miles west of the
Arizona Loop 303 freeway, which will provide easy access to
employment and entertainment corridors. And at just two and a half
miles away, the White Tank Mountain Regional Park offers a wealth of
outdoor activities from hiking miles of trails to mountain biking on
the park's competition track. More information on Cortessa can be
found on the HOA website at http://cortessaliving.com/.
About AV Homes
AV Homes, Inc. was formed in 1970. It is best known
for the development of Poinciana, an award-winning 47,000-acre
master-planned community near Orlando, Florida. Today, the company is
engaged in homebuilding, land development and other real estate
operations in Florida and Arizona with its new Carolinas division
already in development of its first community. Its principal
operations are currently located at Solivita near Orlando, and
CantaMia near Phoenix. It currently builds homes for people of all
ages including active adult communities intended for those 55 years
and older in both the Central Florida and Phoenix metro homebuilding
Zion & Zion
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