A north Phoenix neighborhood is expanding — bringing 162 new single-family homes to the area. Last week, Cachet Homes announced the company bought a 66.7-acre parcel at Norterra’s Union Park along 19th Avenue, just north of Happy Valley Road. Cachet Homes, an Arizona-based luxury homebuilder, bought the land as part of a partnership with IHP Capital Partners, an investor in the deal.
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A north Phoenix neighborhood is expanding — bringing 162 new single-family homes to the area.
Last week, Cachet Homes announced the company bought a 66.7-acre parcel at Norterra’s Union Park along 19th Avenue, just north of Happy Valley Road.
Cachet Homes, an Arizona-based luxury homebuilder, bought the land as part of a partnership with IHP Capital Partners, an investor in the deal.
According to a press release, the companies will be involved in the development and construction of 102 “alley-loaded” lots and 60 traditional “front-loaded” lots.
“Demand for new homes in Phoenix remains strong and North Phoenix continues to draw new residents and corporations, particularly within the semiconductor industry,” said Eric Koff, senior vice president at IHP Capital Partners. “Union Park at Norterra is a vibrant mixed-use community in a spacious desert setting with a wealth of amenities. IHP is pleased to partner with Cachet Homes, a well-known and respected builder in the Phoenix region, to deliver much-needed new homes that offer character and a preferred lifestyle.”
Union Park at Norterra is a 400-acre mixed-use community approximately 20 miles north of downtown Phoenix.
About 700 residents currently live in the community with about 304 homes complete, the press release said.
Two styles will be available — designed to reflect Spanish, desert craftsman and mission revival architectural styles.
Homes will range from 2,272-square-feet to 4,115-square-feet depending on the particular model.
Pricing will be announced in 2022.
Brent Ruffner Lead News Reporter | Phoenix @AzNewsmedia
Brent Ruffner joined Independent Newsmedia, Inc., USA, in 2021 where he writes about developments at TSMC and Maricopa County issues, including election topics.
He's written about stories that range from accusations that a Mesa monkey breeding facility is unsafe to what to do if you encounter a rattlesnake in the desert.
Community: He is a supporter of the American Cancer Society.
Education: Bachelor's degree in Journalism and Mass Communication, Arizona State University, May 2007.
Random Fact: He met former San Francisco Giants outfielder Willie Mays at a Phoenix Firebird game after winning a contest for an autographed baseball.
Hobbies: Hiking in the woods and collecting sports memorabilia.
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