News Summary
Century Communities Inc. has become the first homebuilder to open model homes in the Teravalis master-planned community in Buckeye, Arizona. This major development project spans 37,000 acres and aims to accommodate up to 300,000 residents. With significant land acquisitions recently made, Century Communities is set to play a pivotal role in shaping the future of residential living in the area, which could evolve into Arizona’s fourth-largest city. The ambitious plans also include a large commercial area and improved transportation links to enhance economic opportunities.
Buckeye, Arizona – Century Communities Inc. Leads the Way in Teravalis Development
Century Communities Inc., based in Denver, has made headlines by becoming the first homebuilder to open model homes within the Teravalis master-planned community located in Buckeye. This marks a significant milestone in the development of a sprawling 37,000-acre project that aims to accommodate a burgeoning population in the growing West Valley of Phoenix.
The Teravalis community is strategically positioned to house 100,000 new homes and can accommodate approximately 300,000 residents. The ambitious plan also includes the development of 55 million square feet of commercial space. Currently, Buckeye has a population of around 110,000 residents, and projections indicate that it could become Arizona’s fourth-largest city if these developments meet their targets.
Century Communities’ Involvement
Having recently engaged in significant transactions in the area, Century Communities acquired 114 lots for $2.39 million in April 2024 and followed this with the purchase of 56 additional lots for $1.41 million in December 2024, according to reports from Tempe-based Vizzda LLC. Century Communities is one of seven homebuilders selected to construct homes in the first village of Teravalis, known as Floreo, which is set to open its doors in October 2025.
Background of Teravalis
The Teravalis development was previously known as Douglas Ranch before the ownership transfer in October 2021 from Jerry Colangelo’s JDM Partners to Howard Hughes Corporation, based in The Woodlands, Texas. Howard Hughes Holdings Inc. is responsible for overseeing the development, with Charley Freericks serving as the president of the Arizona region.
Construction on Teravalis officially commenced in October 2022, following a comprehensive planning phase. The project is being marketed as an eco-friendly community that emphasizes sustainability and conservation, aligning with modern housing demands. Arizona Governor Doug Ducey previously noted the increase of over 584,000 new residents in the state since 2015, which has escalated the demand for housing significantly.
Future Prospects and Economic Impact
The Teravalis community’s planning also includes an ambitious transportation initiative. The proposed Interstate 11 is designed to link Phoenix, Las Vegas, and Southern California, which could significantly enhance economic opportunities in the region. Additionally, the location of Teravalis is advantageous for logistics, benefitting from the region’s trade routes connecting Canada and Mexico.
As the first builder to initiate home model openings within this expansive project, Century Communities is poised to play a critical role in shaping the future of residential living in Buckeye and contributing to the overall growth of the area. With the construction and growth of Teravalis unfolding, Buckeye is set on a path to evolve into a major urban center in Arizona.
Deeper Dive: News & Info About This Topic
- KTAR News: Meritage Homes in Teravalis
- AZCentral: Buckeye to Hire Firefighters for Teravalis
- Arizona Digital Free Press: VP Nurseries in Teravalis
- AZCentral: Key Buckeye Developments in 2025
- AZ Big Media: Teravalis Community Breaks Ground
- Wikipedia: Buckeye, Arizona
- Google Search: Master-Planned Communities
- Google Scholar: Urban Development Arizona
- Encyclopedia Britannica: Urban Planning
- Google News: Teravalis Buckeye
Author: STAFF HERE PHOENIX WRITER
PHOENIX STAFF WRITER The PHOENIX STAFF WRITER represents the experienced team at HEREPhoenix.com, your go-to source for actionable local news and information in Phoenix, Maricopa County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Waste Management Phoenix Open, Cactus League Spring Training, and Arizona State Fair. Our coverage extends to key organizations like the Greater Phoenix Chamber of Commerce and Visit Phoenix, plus leading businesses in technology and healthcare that power the local economy such as Intel and Banner Health. As part of the broader HERE network, including HERETucson.com, we provide comprehensive, credible insights into Arizona's dynamic landscape.
