Brookfield Residential entered the Phoenix market in 2013 through a strategic joint venture to acquire the 3200 acre community of Eastmark. We subsequently acquired 160 acres at San Tan Ridge in the Southeast Valley and entered a joint venture with New York real estate investment firm JEN Partners to acquire Vista Verde, an 850 acre community in the Northeast Valley.
Eastmark is ideally located in the top growth corridor of the Phoenix Metro area and is adjacent to the fast-growing Phoenix-Mesa Gateway Airport. It is envisioned to be a large-scale mixed-use community and our involvement in the development aligns with our strengths in developing master-planned and mixed use projects across North America. Eastmark was ranked the #5 Best-Selling Master-planned Community in the United States for 2019 and has remained the #1 best-selling community in Arizona 2015 – 2019; it was currently ranked among the top 10 best-selling MPCs of the decade.VIEW EASTMARK'S COMMUNITY SITE
Coming Soon! Nestled at the foothills of the Sierra Estrella Mountains, Alamar is a new kind of master-planned community coming to the West Valley —one where family, nature, art, and a healthy lifestyle are part of the everyday experience. Spread over 1,130 acres in southwest Avondale, just 18 miles from Downtown Phoenix, this collection of timeless neighborhoods celebrates its storied agrarian past and rich natural surroundings with a future-forward design. At buildout, Alamar will feature 3,695 thoughtfully designed homes, with phase one scheduled to open in October 2020 with 461 homes.VIEW ALAMAR'S COMMUNITY SITE
Coming Soon! Located in Queen Creek, Arizona, Harvest at Queen Creek is funded by JEN Partners and Brookfield Residential, two of the country’s leading residential investors and developers, and managed by TerraWest Communities, a local real estate development company with strong ties to Arizona. The community is designed with exceptional quality in mind, with particular attention paid to respecting the surrounding area through an agricultural themed design of the project’s farming history, and the adjacent Agritainment uses.VIEW HARVEST'S COMMUNITY SITE
Located in the San Tan Valley, about 8 miles south of Eastmark, San Tan Ridge will be developed into about 700 lots for sale to builders, targeting first time home buyers.
After acquiring Vista Verde, Brookfield/JEN sold the golf course and 450 raw acres to Shea Homes to develop an 1100 unit Trilogy at Verde River Ranch. Brookfield/JEN sold an additional 63 lots to Toll Brothers and Monterey retained 73 lots for future sale.