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Nov. 15, 2013

LGI Homes Holds Grand Opening for Development of 72-Lot Homesite

By Balazs Szekely, Associate Editor

The event took place at Caddis Haley on Nov. 9 when LGI Homes made public its intended plans for the property.

The company is constructing single and two- story homes with three-, four- and five-bedrooms on the recently acquired lots in the southwest Tucson submarket. LGI bought the 72 homesites in late August from Greg Anderson of Caddis Bridge LLC. Chapman Lindsay’s Aaron Mendenhall served as broker.

LGI Homes Inc. is headquartered in The Woodlands, Texas and engages in the design and construction of entry-level homes in Texas, Arizona, Florida and Georgia. Since commencing operations in 2003, the company has constructed and sold over 5,500 homes.

Floor plans for the aforementioned homes range from 1,450 square feet to 2,550 square feet, and rents start at $799 per month. According to a press release, the newly built homes include covered patios and modern kitchens with granite countertops, birch cabinetry and energy-efficient appliances. A 10-year homeowner warranty is also among the benefits, says the company’s website. The community also offers a basketball court, playground and open park space as well as designated picnic areas. Located in Star Valley, a high-demand area of the city, the neighborhood is minutes from Midvale Park Plaza and the Tucson Spectrum which offer shopping, dining and entertainment.

Jay Osborne of LGI will manage construction operations while Rudy Carrillo is entrusted with marketing the community. “We are excited to become a part of the Tucson community,” Carrillo said. “There are a lot of people throwing money away on rent and paying their landlord’s bills. We look forward to helping people fulfill their dream of homeownership,” he added.

Photo credits: LGI Homes

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