Price Land Development Group Prepares Parcel for Nation’s Largest Homebuilder
(Albuquerque, N.M.) August 2020 –Real estate investment and development company Mariposa East, LP, an affiliate of Harvard Investments, Inc. is proud to announce D.R. Horton Inc. will soon begin construction on Mariposa’s Jemez Vista neighborhood. This premium 10-acre neighborhood includes 41 homes within the Mariposa master-planned community outside Rio Rancho, New Mexico and 30 minutes north of Albuquerque.
“We congratulate D.R. Horton on expanding its offerings at Mariposa and are delighted they are bringing even more high-quality homes as another desirable option to Rio Rancho’s top-selling master-planned community,” shared Tim Brislin, vice president for Mariposa East, LP.
The 10-acre Jemez Vista neighborhood includes 41 one- and two-story homes as part of the larger 6,500-acre Mariposa master-planned community. Jemez Vista will be D.R. Horton’s second offering at Mariposa which currently has homes available in The Peaks neighborhood.
D.R. Horton purchased Jemez Vista from Price Land Development Group, Inc. (PLDG), a consultancy and development company specializing in acquisition, entitlement and development of residential communities and residential/mixed-use master plans in New Mexico. PLDG secured entitlement and engineering approvals for the development through the City of Rio Rancho planning process. PLDG is also providing construction management services to D.R. Horton for development of the property.
“Mariposa is a sophisticated community in this region and has been gaining increased attention for its balance of wide-open spaces and connected, amenity-rich community focused on what people prioritize today,” shared Garret Price, president of PLDG.
Mariposa, just outside picturesque Rio Rancho, New Mexico, includes a large portion that will never be developed. The Mariposa Preserve, owned by The Albuquerque Academy, and consisting of 2,200 acres of dedicated open space within the heart of Mariposa, is protected in perpetuity. Additionally, the community includes Silver LEED-certified Residents’ Community Center, indoor and outdoor pools, Fitness Center, movement studio for yoga and other classes, kitchen and social area, community park including various ball courts, playground, ramadas and picnic areas, and renowned monumental sculptural art. Within Mariposa East, you’ll also find The Point Grill restaurant as well as a LEED-certified office and retail complex.
Mariposa has multiple neighborhoods available, including numerous award-winning builders and custom home neighborhoods with estate-sized homesites. Homes are designed for retirees, couples, single individuals and families of every size and type. Both seasonal and full-time residents call Mariposa home. Homes range from approximately 1,500 square feet to approximately 4,500 square feet. Prices currently range from the low $200,000s to the $400,000s.
Find out more about Mariposa and what makes it the premier master-planned community in Northern New Mexico by visiting https://liveinmariposa.com/
About D.R. Horton
D.R. Horton, Inc., America’s Builder, has been the largest homebuilder by volume in the United States since 2002. Founded in 1978 in Fort Worth, Texas, D.R. Horton has operations in 89 markets in 29 states across the United States and closed 59,493 homes in the twelve-month period ended March 31, 2020. The Company is engaged in the construction and sale of high-quality homes through its diverse brand portfolio that includes D.R. Horton, Emerald Homes, Express Homes and Freedom Homes ranging from $100,000 to over $1,000,000. D.R. Horton also provides mortgage financing, title services and insurance agency services for homebuyers through its mortgage, title and insurance subsidiaries.
About Price Land & Development
Price Land & Development Group (PLDG) is a consultancy and development company specializing in acquisition, entitlement and development of residential communities and residential / mixed-use master plans in New Mexico. Led by president, Garret Price, PLDG’s portfolio includes the prestigious Mariposa master planned community outside Rio Ranch New Mexico. Prior to forming PLDG in May 2017, Garret spent the previous 14 years as Vice President of PulteGroup’s land operations and was responsible for growing the New Mexico Division’s market share and profitability for their Centex, Pulte and Del Webb brands by utilizing aggressive growth through market and consumer segmentation. Learn more at pricedevgroup.com
About Maricopa East, LP
Mariposa East, LP, an affiliate of Harvard Investments, Inc. purchased Mariposa East in 2014. Harvard Investments is the US subsidiary of The Hill Companies; a family-owned company based in western Canada. The Hill Companies has roots that go back to 1903, when it specialized in real estate development and insurance. More diversified today, Hill Companies continues to develop real estate, and has added other businesses, including oil and gas production and distribution, broadcasting, manufacturing, and more. To learn more about Harvard Investments, visit http://www.harvardinvestments.com.
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