North America's largest privately owned homebuilder, Mattamy Homes, has announced that it has closed on a multimillion-dollar land purchase in Queen Creek.
The 153-acre property, known as Empire Pointe, will be purchased for $33 million and is approved for 533 home sites. The first phase of the deal closed on Thursday, July 1. The community will be located at the northwest corner of Empire Boulevard and Gary Road.
"Our team is extremely enthusiastic about this major acquisition, as it represents the latest example of our company's commitment to having an important presence in the East Valley, and of our confidence in the future of housing locally," said Don Barrineau, president of Mattamy's Phoenix division, in a press release. "Queen Creek is one of the most highly desirable and fastest-growing areas in the market, with good schools, excellent recreation opportunities and up-and-coming employment centers. We're excited that Mattamy is going to be a big part of the future growth here."
