Shea Homes to Take on Condo Project in Ahwatukee
While Shea Homes isn’t known for building condos, the developer recently signed a deal to construct 69 luxury condos in WestStone’s Vantage Condominium Community, according to the Ahwatukee Foothills News.
The project is reviving a build that began in 2007. According to the publication, the original developer purchased the parcel at the northwest corner of 5th Avenue and Chandler Boulevard and build 58 units. However, when the market took a turn the company stopped construction. Now Shea Homes is taking over.
“We’re definitely optimistic about condos and we think over the next two to three years there’s going to be a huge increase in single-family detached new homes as well as growth in the sector of condos and town homes,” Ken Peterson, vice president of sales and marketing for Shea Homes, told Ahwatukee Foothills News.
Shea is now waiting for the city to approve its building plans. Read the full story from Ahwatukee Foothills News here.
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This local update courtesy of your Ahwatukee Community Expert.