K. Hovnanian Homes Closes on 80 Single Family Home Sites in Northwest
Phoenix
PRWeb.com
August 5, 2009
K. Hovnanian Homes, the sixth largest new home builder in the nation,
closed on 80 single family lots in northwest Maricopa County,
Arizona. K. Hovnanian Homes purchased the finished lots in the
Crossriver master plan and will market the community under the name
Vintage at Crossriver. Sales are expected to begin in mid-August.
Maricopa County, AZ (PRWEB) August 5, 2009 — Hovnanian Enterprises,
Inc. (NYSE: HOV) announced today that its subsidiary, K. Hovnanian
Homes, has closed on 80 finished, single family home sites in the
Crossriver master-planned community in northwest Maricopa County.
The property, previously marketed as Sundero and Rancho Silverado Unit
II, was sold to K. Hovnanian Homes by J.P. Morgan Chase and will be
renamed Vintage at Crossriver. Details of the transaction have not
been disclosed.
The builder purchased 30-60’x120′ finished home sites and 50-55’x115′
finished home sites located in the area of Happy Valley Road and 123rd
Avenue, just east of the Loop 303. There was also a completed 2,300
square foot inventory home included in the transaction.
"Our newest community, Vintage at Crossriver, provides K. Hovnanian
Homes with an excellent location in the northwest valley, just minutes
from Lake Pleasant and all of the surrounding conveniences," said Andy
Pedersen, regional director of marketing for K. Hovnanian Homes.
Vintage at Crossriver is scheduled to open for pre-sales August 19th
and will feature two model homes available to tour in early
September. Vintage at Crossriver will offer six single level and
two-story floor plans ranging from 1,860 square feet to 3,500 square
feet. Pricing is projected to start in the mid-$100s.
Hovnanian Enterprises, Inc. (NYSE: HOV), founded in 1959 by Kevork
S. Hovnanian, Chairman, is headquartered in Red Bank, New Jersey. The
Company is the nation’s sixth largest homebuilder with operations in
Arizona, California, Delaware, Florida, Georgia, Illinois, Kentucky,
Maryland, Minnesota, New Jersey, New York, North Carolina, Ohio,
Pennsylvania, South Carolina, Texas, Virginia and West Virginia. The
Company’s homes are marketed and sold under the trade names
K. Hovnanian Homes, Matzel & Mumford, Brighton Homes, Parkwood
Builders, Town & Country Homes, Oster Homes, First Home Builders of
Florida and CraftBuilt Homes. As the developer of K. Hovnanian’s Four
Seasons communities, the Company is also one of the nation’s largest
builders of active adult homes. Visit khov.com for more information.
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K. Hovnanian Homes
Andrew Pedersen
480-824-4176
E-mail Information
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