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North Phoenix neighborhood adding 162 new homes

Posted 12/31/69

A north Phoenix neighborhood is expanding — bringing 162 new single-family homes to the area.Last week, Cachet Homes announced the company bought a 66.7-acre parcel at Norterra’s Union …

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North Phoenix neighborhood adding 162 new homes

Posted

A north Phoenix neighborhood is expanding — bringing 162 new single-family homes to the area.
Last week, Cachet Homes announced the company bought a 66.7-acre parcel at Norterra’s Union Park along 19th Avenue, just north of Happy Valley Road.
Cachet Homes, an Arizona-based luxury homebuilder, bought the land as part of a partnership with IHP Capital Partners, an investor in the deal.
According to a press release, the companies will be involved in the development and construction of 102 “alley-loaded” lots and 60 traditional “front-loaded” lots.
“Demand for new homes in Phoenix remains strong and North Phoenix continues to draw new residents and corporations, particularly within the semiconductor industry,” said Eric Koff, senior vice president at IHP Capital Partners. “Union Park at Norterra is a vibrant mixed-use community in a spacious desert setting with a wealth of amenities. IHP is pleased to partner with Cachet Homes, a well-known and respected builder in the Phoenix region, to deliver much-needed new homes that offer character and a preferred lifestyle.”

Union Park at Norterra is a 400-acre mixed-use community approximately 20 miles north of downtown Phoenix.
About 700 residents currently live in the community with about 304 homes complete, the press release said.
Two styles will be available — designed to reflect Spanish, desert craftsman and mission revival architectural styles.
Homes will range from 2,272-square-feet to 4,115-square-feet depending on the particular model.
Pricing will be announced in 2022.