Washington Federal finances Christopher Todd community

Business News | 7 Jun, 2018 |

Christopher Todd Communities, a local developer founded in 2016, has broken ground on Christopher Todd Communities At Stadium. The 313-home Phoenix project on 99th Avenue and Missouri is just miles from the University of Phoenix Stadium and the Westgate Entertainment District and will feature smart home technology including keyless door entry, doorbell camera, and climate control with Amazon’s Alexa offering voice command capabilities as well as doggy doors and private backyards. The community – developed as an alternative to apartment living for families – will include resort-style pool and spa, barbecues, event lawn, plus two open space park areas and a 1,800 square foot fitness facility.  It marks Todd’s fifth community in just 12 months.

“In 2018 we will construct and finish 457 homes. In 2019 we are scheduled to deliver 1,160 homes. This means that in year 2019 Christopher Todd Communities/Hancock Builders will be one of the top, if not the largest home builder in the state of Arizona,” says Todd Wood, CEO of Christopher Todd Communities.

Washington Federal is signed on to finance, and leasing will begin in 2019. Since its inception, Washington Federal has partnered with Christopher Todd Communities to provide financing on its other four communities as well. Hancock Builders, a company with a 70-year Phoenix legacy, is building the homes. Scottsdale-headquartered Mark-Taylor Residential is in charge of leasing and property management. Christopher Todd Communities is a privately-held, Phoenix-based development company.

“Our work with Christopher Todd Communities actually predates the launch of this particular business,” says Mike Brown, Arizona regional president of Washington Federal. “Todd formed the company in 2016 after selling Alpine Valley Bakery, a long-time client of ours and a business he built from scratch into a multi-million dollar operation supplying major grocery stores, Sam’s Club and Costco with his signature organic bread.  He is an entrepreneur with a savvy ability to ride the next market trend up.”

Beyond savvy, according to Brown, Todd is also community minded.

“Last year, Todd launched A New Lease on Life™, a 501(c)3 a non-profit called to give those in need a hand up.  The first community outreach involves a partnership with The Veterans Directory. Through the program, they help veterans with massive rent assistance within their communities,” says Brown, who had the chance to meet the first veteran chosen for assistance during the spring groundbreaking of Stadium.

In addition to this project and the four others over the past year, the company has already purchased land for development in Mesa, Avondale, Goodyear and Queen Creek.

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