PHOENIX — David Weekley Homes, a builder headquartered in Houston, obtained 44 acres at Five North at Vistancia in Peoria on Thursday.
Five North at Vistancia is made up of 320 acres located within the Vistancia master-planned community and is expected to be a mixed-use commercial lifestyle destination.
According to the press release, David Weekley Homes has been an established builder within Vistancia.
“Vistancia is pleased to welcome these for-sale residential options to Five North at Vistancia, offering walkable and open connections to the vibrant mixed-use urban center planned for retail, restaurants, a park and open gathering areas,” General Manager of Vistancia Mark Hammons said the press release. “We are thrilled to continue our partnership and success with David Weekley Homes, and the momentum to achieve our vision to create a dynamic lifestyle destination to live, work and connect.”
What is planned for the 44 acres at Five North at Vistancia in Peoria?
The land is located along El Mirage and Ridgeline roads and is north of the American Leadership Academy charter school.
It is planned for the 44-acre parcel to include a mix of 177 single-family homes, 164 townhomes and lifestyle amenities including a community pool, children’s playscape and open space.
“We’re excited to be part of the vision for Five North at Vistancia and to expand our presence within the highly successful Vistancia community,” Phoenix Division President for David Weekley Homes Mark Weber said. “This is a unique opportunity to provide residential options that appeal to buyers looking for a high-quality urban experience — connected, walkable and surrounded by amenities that support an active, urban lifestyle.”
The first phase of mixed-used development for Five North at Vistancia is currently being designed and is supposed to include a fitness center and retail. The community as a whole is expected to have a mix of commercial uses, including an employment core, healthcare, office, education, luxury residential apartments, retail, restaurants, parks and open space.
The city of Peoria has also obtained 56 acres at Five North at Vistancia, which it plans to use to build a medical district.
“This land transaction at Five North at Vistancia is an exciting step forward in bringing this dynamic mixed-used destination to life,” Co-president of IHP Capital Partner Richard Whiteley said. “David Weekley Homes’ thoughtful approach to residential development will anchor the community with a diverse mix of beautiful new homes and amenities. Together, we are creating a vibrant environment where residents can truly flourish, while contributing to Peoria’s continued evolution as a thriving city.”
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