A new full-service development company, Cypress Development Group, was announced today as the result of a merger between Scottsdale-based developer Sterling Collection Development Group (SCDG) and luxury home builder, Luster Custom Homes.
Longtime friends Nathan Day, president of SCDG, and Tanner Luster, president of Luster Custom Homes, decided to combine their companies and increase their staff in order to form Cypress Development Group that will specialize in high-end residential and commercial projects that combine progressive sustainable features with impeccable finishes.
The pair’s expertise lies in pioneering the most advanced construction techniques in order to bring new ideas, methods and best practices to the development industry with an uncompromising attention to detail. From concept to completion, Cypress will offer comprehensive development services including site selection and acquisition, development funding, strategic planning, project design, construction, green-building expertise and interior design.
“This is an exciting step and major growth opportunity for all of us,” said Nathan Day. “By partnering with Luster Custom Homes and creating a full-service development company, it allows us to critically think outside the box and streamline the development process. We can now manage the entire build process from concept to completion and do things quickly, efficiently and consistently. We have the ability to explore innovative building process and test the efficiency, especially in the green building arena, and have full quality control under one roof.”
Cypress opened the doors to its new 4,000 square-foot office last week at Canyon Village in Scottsdale’s DC Ranch community. The new company also recently hired six employees, adding to the existing team of 12.
“We have worked with Sterling for several years now and have enormous respect for their reputation and team. Our greatest asset has always been our people and by coming together we have made a substantial increase in the quality of that asset,” said Tanner Luster. “There are great synergies between our teams, our services and our clients. Our two companies have a shared vision for innovation and success that will only be enhanced by coming together. It is a true reflection of our business philosophy, which is all about building smart, innovative products that provide real value for consumers and real estate professionals.”
Day and Luster began working together in 2011 on the first phase of Day’s development, Sterling at Silverleaf, in which Luster is the builder. Sterling is a luxury, custom-home community that sits on 12-acres within the gates of Silverleaf featuring a collection of 16 villas designed by world-renowned architect Bing Hu. The community made national headlines in 2012 when it was named Arizona’s first and only single-family new construction project to be awarded gold-level certification by the National Association of Homebuilders (NAHB), making the villas the greenest homes in Arizona. Just this month, the US Green Building Council also awarded the project GOLD level LEED certification
Cypress Development Group’s first project will be phase two of Sterling, an additional 12 villas priced from $2.2M, that will break ground later this month.