While Scottsdale-based Meritage homes builds houses for others, they’ve finally got a new one of their own. The 225-person headquarters just moved into a three-story glass and stone 90,000-square-foot building off Princess Drive next to Taser’s headquarters.
While it’s just down the street from their old office, it’s a world of difference, CEO Steve Hilton said.
Now, Meritage’s corporate offices and its three stand-alone companies — Meritage Homes, Meritage Active Adult as well as Monterey Homes — are under one roof. And so is its new urban living collection, Monterey Metropolitan.
With $3 billion in revenue last year, Scottsdale-based Meritage is the only publicly traded homebuilder based in Arizona.
The firm’s different companies target different types of home buyers, Hilton said, from high-end retirees to young people just starting out who want a home but not the suburbs and can’t afford a $1 million loft downtown.
“We have a different strategy when it comes to urban housing. It’s not high-end, it’s not high-rises, we’re not doing lofts. We are doing traditional townhouse-type products that are relatively affordable, with their own garages and access to their own units,” Hilton said.
Clients of all of Meritage’s brands, including the urban projects, will likely make a trip to the Scottsdale headquarters and its Studio M, a 12,000-square-foot design center.
“All of our customers come here to pick out all their options. We expect to have more than 2,000 customers come through this studio every year,” Hilton said, as he walked through designer kitchens, over changing wood floors and into a room full of chandeliers.
Additionally, First American Title and Meritage’s mortgage company, MTH Mortgage, also have been purposely housed in the building, Hilton said.
“So if you have business with the mortgage company, the title company or the design studio, it’s all here,” Hilton said.
Hilton and his staff are excited about the new headquarters because it allows for streamlined processes, including Meritage’s centralized copy service area.
Officially called M3 Copy Central, employees work in the copy area and process all sorts of color, binding and copy jobs for all of the company’s divisions and operations.
“This is much more efficient. We waste less paper, we use less toner and we need fewer machines throughout the building,” Hilton said.
The offices even have a little room for history. As Hilton walked down a long hallway, small lights were aimed at empty shelves.
“When we get finished, we’re going to do a history of homebuilding in Arizona. It will be a black and white pictorial that we’ll be working with the Arizona Historical Society on. On the other side (of the hallway), we’re going to have a timeline of Meritage’s company history,” Hilton said.
• Meritage’s new headquarters is a three-story glass and stone 90,000-square-foot building off Princess Drive next to Taser’s headquarters.
• Meritage’s corporate offices and its three stand-alone companies — Meritage Homes, Meritage Active Adult as well as Monterey Homes and its new urban living collection — Monterey Metropolitan — are now under one roof.
• With $3 billion in revenue last year, Scottsdale-based Meritage is the only publicly traded homebuilder based in Arizona.