Howard Hughes Announces First Four Homebuilders for Teravalis™
Howard Hughes Holdings Inc. (HHH)
Company Research
Source: GlobeNewswire
PHOENIX, April 03, 2024 (GLOBE NEWSWIRE) -- Howard Hughes Holdings Inc. (NYSE: HHH) announced today the first four homebuilders for the launch of Teravalis™, the company’s new 37,000-acre community in the Phoenix West Valley. Lennar, Brightland Homes, KB Home, and Courtland Communities will build the initial homes in Floreo, the first village being developed in Teravalis, that is expected to deliver the community’s first 5,000 homes to the market over the next decade. “We are pleased to begin residential development in Teravalis as we build this innovative new community that will help meet the ongoing market demand for homes in the Phoenix West Valley,” said David O’Reilly, Chief Executive Officer of Howard Hughes. “Howard Hughes sells more lots to homebuilders than any other developer in the country, and we are pleased to announce our partnerships with acclaimed homebuilders at Teravalis who share our track record for building expertly planned communities designed for long-term, s
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