Vistancia has secured its first residential land transaction in FIVE NORTH at VISTANCIA, the 320-acre mixed-use commercial lifestyle destination located within the award-winning Vistancia master-planned community. David Weekley Homes, a long-time builder within Vistancia, recently closed on 44 acres located along El Mirage Road, south of Ridgeline Road and just north of the American Leadership Academy charter school. The parcel is planned to include a mix of 117 single-family homes, 164 townhomes, and lifestyle amenities including a community pool, children’s playscape and open space. The sale price was $19,850,000, according to Vizzda.
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“Vistancia is pleased to welcome these for-sale residential options to FIVE NORTH at VISTANCIA, offering walkable and open connections to the vibrant mixed-use urban center planned for retail, restaurants, a park, and open gathering areas,” said Mark Hammons, General Manager of Vistancia. “We are thrilled to continue our partnership and success with David Weekley Homes, and the momentum to achieve our vision to create a dynamic lifestyle destination to live, work, and connect.”
FIVE NORTH at VISTANCIA is planned to include a distinctive mix of commercial uses including an employment core, healthcare, office, education, luxury residential apartments, retail, restaurants, and parks and open space. The first phase of mixed-use development is currently in design and planned to include a fitness center and retail.
“We’re excited to be a part of the vision for FIVE NORTH at VISTANCIA and to expand our presence within the highly successful Vistancia community,” said Mark Weber, Phoenix Division President, David Weekley Homes. “This is a unique opportunity to provide residential options that appeal to buyers looking for a high-quality urban experience—connected, walkable, and surrounded by amenities that support an active, urban lifestyle.”
The City of Peoria owns and will be developing 56 acres at FIVE NORTH at VISTANCIA and has announced plans to build a medical district.
“This land transaction at FIVE NORTH at VISTANCIA is an exciting step forward in bringing this dynamic mixed-use destination to life,” said Richard Whiteley, co-president of IHP Capital Partners. “David Weekley Homes’ thoughtful approach to residential development will anchor the community with a diverse mix of beautiful new homes and amenities. Together, we are creating a vibrant environment where residents can truly flourish, while contributing to Peoria’s continued evolution as a thriving city.”
