AV Homes Announces Acquisition in the Village at Litchfield Park
SCOTTSDALE, AZ -- (Marketwired) -- 12/03/13 -- AV Homes, Inc.
(NASDAQ: AVHI) has announced the acquisition of 90 finished lots in
The Village at Litchfield Park, just west of Litchfield and Camelback
Roads in Litchfield Park, Ariz. AV Homes plans to build two product
series for the master planned community.
The Village at Litchfield Park surrounds The Heritage golf course,
one of three well-known courses in Litchfield Park owned and operated
by The Wigwam Resort. AV Homes' acquisition includes golf lots that
back to The Heritage course.
The Village at Litchfield Park offers diverse architectural home
designs, multiple city maintained parks (Aleppo, Rose and Little
Park) and picturesque tree lined streets. The community and product
planned for the site are targeted to two distinct homebuyers. One
product will be an estate series designed for the discriminating
move-up buyer and the second a luxury series with additional emphasis
on architectural detail for the upscale homebuyer. The site is
located only 2.5 miles from I-10, providing access to the vibrant
I-10 business corridor, downtown Phoenix, and Sky Harbor airport.
AV Homes anticipates that the product line-up for The Village will
include two distinctive home series with single-level and two-story
homes ranging in size from 2,800 to 4,800 square feet. Current plans
are to open for sales in the second quarter of 2014. AV Homes
anticipates that prices will start in the low $300s in the estate
series and in the $500s for the luxury home series.
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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