K. Hovnanian Homes Closes on 51 Single Family Home Sites in Chandler, AZ
K. Hovnanian Homes closed on 51 home sites in a gated community in Chandler, Arizona on November 10th. Sales are expected to start at The Estates at Vintage Villas in mid-2010 with residences up to 3,250 square feet.
Chandler, AZ (PRWEB) November 11, 2009 -- Hovnanian Enterprises, Inc. (NYSE: HOV) announced today that its subsidiary, K. Hovnanian Homes, closed on 51 finished, single family home sites in the gated community of Vintage Villas in Chandler.
For 50 Years, "The First Name in Lasting Value."
The property, previously marketed as Vintage Villas, was sold to K. Hovnanian Homes by Dorado Drive Properties, LLC and will be renamed The Estates at Vintage Villas. Details of the transaction have not been disclosed.
The builder purchased 51 - 80’ x 125’ finished home sites located north of Willis Road between Price and Dobson Roads, south of Loop 202 in Chandler. Amenities within the community include a gated entrance and park site.
“K. Hovnanian is excited to bring our luxurious Estates Collection of homes into the popular Chandler area,” said Andy Pedersen, regional director of marketing for K. Hovnanian Homes. “This incredible gated community is just minutes from Chandler Fashion Center, high-tech employment centers and the Loop 202, affording easy access to shopping and commuting.”
The Estates at Vintage Villas is scheduled to open for pre-sales in mid-2010 and will feature one model home available to tour late June/early July. The Estates at Vintage Villas will offer five single level floor plans ranging up to approximately 3,250 square feet. Pricing has yet to be determined.
More information on K. Hovnanian Homes communities throughout the Phoenix metropolitan area can be obtained at khov.com or at 877-KHOV-NOW.
Hovnanian Enterprises, Inc. (NYSE: HOV), founded in 1959 by Kevork S. Hovnanian, 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.
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