DMB Associates announced today the four builders that will construct homes at Victory, Arizona’s first multi-builder community for people 55 years and better which will be located in the multi-generational community of Verrado.
Only four homebuilders were selected among the interested top local and national homebuilders. The Phase One roster includes Lennar (NYSE: LEN), Maracay Homes (NYSE: WY), Standard Pacific (NYSE: SPE) and T.W. Lewis by David Weekley Homes. The combined purchase by the homebuilders totals $40.68 million.
Similar to DMB’s process of collaborating with lifestyle, health and longevity experts on the design of the community, DMB engaged an expert architect, universal design experts, and kitchen and bath designers to educate homebuilders on how the lifestyle, needs and motivations of Baby Boomers differ from traditional homebuyers.
As a result of the collaboration, these homebuilders will be offering innovative, easy living home designs with an emphasis on entertaining, personal retreats, dream kitchens including the latest appliances and technology, open floor plans, and casual living that creates connections between the indoor and outdoor living spaces.
“By collaborating with multiple builders, Victory at Verrado plans to offer its residents more choice, quality and personalization than other communities constructed by a single homebuilder. Multiple homebuilders, coupled with Verrado’s unique architectural guidelines and front porch emphasis, will create diverse and traditional looking neighborhoods,” said Nick Taratsas, DMB senior vice president and general manager of Victory. “No other developer has spent this kind of time and attention to educate builders on the specific needs of Baby Boomers.”
The first phase of homes will range from approximately 1,400 square feet to more than 3,000 square feet, available on four distinct lot sizes. Home prices are planned to range from the $200,000’s to more than $500,000. DMB, which has a growing list of interested buyers, plans to start sales in January 2015.
The residents of Victory will enjoy all of the existing amenities the small town of Verrado offers today. In addition, the Victory Club, which will be located at the center of the Victory District, will be the hub of the indoor and outdoor amenities designed and built exclusively for Victory residents. The Victory Club is planned to open in December 2015. Tom Lehman is designing Victory’s 18-hole golf course and clubhouse which is planned to open late 2016. An extensive path and trail system connecting the new Victory district and adjacent White Tank Mountain range and Verrado is being planned as well.
DMB broke ground on Victory at Verrado in October 2013. The district will have 3,500 homes at build out.