Lot Development

Borgata At San Tan Heights

Lot Development

In 2020, Crown West kicked off Phase one of this project with the construction of 193 lots for Shea Homes. Completion is anticipated for late 2021 at a cost of nearly $20 million, excluding the land value itself. Phase two of Borgata will consist of another 209 lots with construction expected to begin in early 2022.

Whispering Hills

Lot Development

In 2020, Crown West kicked off construction of 165 lots for Maracay Homes. Completion is expected in late 2021 at a cost of approximately $16 million, excluding the land value itself.

Peralta Canyon

Lot Development

In 2020, Crown West completed the sellout of 761 lots to six different homebuilders. Phase I was constructed between 2017-2018 and Phase II is expected to be completed in Spring of 2021.

Together, all project work is expected to cost over $35 million, exclusive of land value.

Tierra Verde East

Lot Development

In late 2020, Tierra Verde East began the development of the Tierra Verde master-planned-community with Crown West developing 339 lots for Forestar Real Estate Group (o/b/o DR Horton). Finishing the lots requires an investment of over $21 million, including regional backbone benefitting surrounding projects funded alongside other owners, but excluding the value of the land itself.

Tierra Verde West

Lot Development

Less than three month’s after Forestar Real Estate Group’s acquisition of Tierra Verde East, Forestar purchased the remaining 235 paper lots of the Tierra Verde master-planned community development. Upon closing Crown West broke ground on the lots and completion is expected in early 2022 at a cost of over $13 million, excluding the land value itself, but including significant backbone infrastructure benefiting regional improvements.