A Scottsdale-based builder opened sales this month at a massive gated community in the Queen Creek area.
Situated at the southeast corner of Gantzel and Combs roads, the 745-acre Encanterra development will include more than 2,000 homes, a golf course and country club.
The project is the first private country club venture for Trilogy, a division of national builder Shea Homes. The builder has specialized in active adult communities, but Encanterra is open to all ages.
Homes will range in size from 1,400 to 3,700 square feet with prices starting in the $200,000s and going up to the $400,000s. They will also vary from two to four bedrooms with one- and two-story options.
The golf course is nearing completion with an opening slated for early 2008.
The 42,000-square-foot club will include a restaurant, wine bar, spa and athletic club. Construction on the club will start next year and is projected to finish in early 2009.
Trilogy has two other Valley communities, at Vistancia in Peoria and Power Ranch in Gilbert.
Global real estate network Sotheby’s International Realty Affiliates has officially jumped into the Valley market.
Scottsdale’s The Equitable Real Estate Co. recently joined up with the luxury real estate franchise, which serves high-end buyers on the hunt for third, fourth and fifth homes.
Started in 2004, the Sotheby’s real estate network announced in May plans to expand into the Valley with at least one franchise. Equitable will join more than 8,000 sales agents in more than 400 offices in the United States and 27 other countries and territories.
The Scottsdale firm has more than 270 sales agents and four offices in Arizona. It will now do business as Equitable Sotheby’s International Realty.
LGE DESIGN BUILD
In the commercial market, office development is still hot in Chandler.
In October, Phoenix-based LGE Design Build bought a 22-acre piece of land at the southeast corner of the Loop 101 and Chandler Boulevard for $20.5 million.
LGE will build two six-story office buildings totaling 468,000 square feet with two restaurants.
The property is the former site of Gould Electronics. As part of the deal, Gould demolished a 182,000-square-foot manufacturing facility, making way for the $150 million office project.
Construction on the first phase is slated to begin in second quarter of 2008.