Tierra Verde East
Tierra Verde East is a 99.4 acre multi-phase residential project located in the North Surprise submarket of Phoenix, the sister property directly east of Tierra Verde West. Tierra Verde East has an approved preliminary plat for three production subdivisions, totaling 339 lots. Two of the subdivisions consist of 50’ wide lots (totaling 271 lots) and the third consists of 60’ foot wide lots (totaling 68 lots). Additionally, the project includes 314 sewer credits. The City of Surprise is a rapidly growing suburb in northwest Phoenix whose population grew from 30,848 in 2000 to 117,517 in 2010. Surprise lies approximately five miles northwest of Del Webb’s (now owned by Pulte Homes) original Sun City active adult community; during the 2000s, tens of thousands of retirees moved to the City of Surprise to live in Sun City Grand, an age-restricted, resort-like community. The Deer Valley submarket of North Phoenix has over 9 million square feet of office space and is located approximately 20 miles by freeway from Tierra Verde East. USAA, a Fortune 500 financial services company, employs over 4,000 workers at its major campus in Deer Valley, and has announced it will hire an additional 1,000 technology professionals by 2020. The construction of Happy Valley Road, which will front the property and connect the 303 freeway to Highway 60, will begin in 2019.