Goodyear, Ariz. (October 1, 2020) — Christopher Todd Communities has purchased 28 acres of land in Goodyear, strategically near the Loop 303 and I-10 freeways. The company paid $4,865,467 for the property. “There are so many synergistic things happening in the west valley with employment growth and the corresponding need for innovative housing to serve that workforce. The west valley is where the real estate development action is right now,” said Todd Wood, CEO of Christopher Todd Communities. The company intends to develop one of its coveted single-family luxury rental communities comprised of 321 single-story smart homes with private backyards and resort-style amenities, all of which will be built by Taylor Morrison, America’s Most Trusted® Home Builder. This will be the largest community created by Christopher Todd Communities to date. Development is expected to begin the first quarter of 2021.
This will follow two other Christopher Todd Communities Built By Taylor Morrison projects that are under construction. In Mesa, the company’s first East Valley locale, is Christopher Todd Communities On Ellsworth, near Ellsworth and University, with 145 homes, resort-style pool/spa, event lawn and fitness studio expected to open in the spring. Also underway is Christopher Todd Communities On McDowell, located at 92nd Avenue and McDowell Road in west Phoenix, with land development underway to support 166 innovative rental homes and similar amenities to Ellsworth. That community is expected to open in late 2021.
The Build To Rent category is the bright star and is one of the fastest growing sectors in the housing market. According to research, while 92 percent of millennials, one of the Christopher Todd’s typical renter profiles, consider homeownership a good investment, 43 percent of this age group have saved less than $3,000 for a down payment. Meanwhile, Christopher Todd Communities’ customers also include those on the other end of the spectrum, baby boomers, looking to downsize and eliminate the unpredictable costs of home maintenance while preserving freedom within their own, smaller home with private backyard, and adding a sense of community within a planned resort-style environment.
Christopher Todd Communities’ expertise in creating successful branded Build To Rent communities that drive consumer and investor value combined with Taylor Morrison’s considerable resources and home building expertise result in a winning exclusive partnership they plan for new markets around the country.
About Christopher Todd Communities
Christopher Todd Communities is fast-growing Arizona-based real estate development company with a specific, unique niche in horizontal multi-family communities. The company has created a proprietary playbook for their branded, technology-forward, luxury, single-family, single-story, one- and two-bedroom rental homes with private backyards and doggy doors in professionally managed, smart-gated communities. www.ChristopherToddProperties.com
About Taylor Morrison
Taylor Morrison Home Corporation (NYSE: TMHC) is the nation’s fifth largest homebuilder and developer based in Scottsdale, Arizona, that has been recognized as America’s Most Trusted® Home Builder for five years running (2016-2020). Operating under a family of brands including Taylor Morrison, Darling Homes, William Lyon Signature Home and Christopher Todd Communities built by Taylor Morrison, we serve consumer groups coast to coast, from first-time to move-up, luxury and 55-plus buyers. Our unwavering pledge to sustainability, our communities and our team—outlined in the 2019 Environmental, Social and Governance (ESG) Report—extends to designing thoughtful living experiences homeowners can be proud of for generations to come.
Martha Moyer Wagoner
Office: (602) 861-8006
(480) 840 8137