Tri Pointe Homes®, one of the largest homebuilding companies in the U.S., today announced the $20 million acquisition of approximately 40 acres in East Mesa for Ascension, a new gated community where Tri Pointe will develop the land and build the homes. Planned for 46 single-family homesites, the infill property is located within East Mesa’s established citrus subarea currently used for agriculture, with plans to incorporate citrus trees into the landscaping as part of the community’s connection to the area’s distinctive history.
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“Tri Pointe Homes is selective about where we invest and what we can uniquely bring to a market, and Ascension adds something very intentional to our East Valley presence,” said Division President of Tri Pointe Homes – Arizona James Attwood. “This location gives us an opportunity to pair the advantages of an established city with a limited collection of premium homes designed to give homebuyers greater space, flexibility, and a more intimate community experience. Mesa’s recognition as one of America’s best-run cities[1] further reinforces why we see long-term value here.”…