Howard Hughes Communities has opened Teravalis in the Phoenix West Valley, launching the 37,000 acre development with its first residents and the debut of Floreo village. Plans include 100,000 homes, 55 million SF of commercial space, and extensive open space preservation.
Howard Hughes Communities marked the formal launch of Teravalis, a 37,000 acre master planned development in the Phoenix West Valley, during a grand opening event held on November 14. The opening welcomed the initial residents of Floreo, the community’s first village, and brought together Arizona Governor Katie Hobbs, regional leaders, development partners, and local stakeholders for a ceremony highlighting the project’s long-term scope and economic significance. The announcement was released through Globe Newswire, sourced from Howard Hughes Holdings Inc.
Teravalis occupies more than 50 square miles between the White Tank and Belmont mountain ranges and is planned as a multi decade community designed to support continued growth in the region. The development is planned for 100,000 homes, a population of 300,000 residents, 55 million SF of commercial space, and more than 7,000 acres of preserved open space. Floreo spans roughly 3,000 acres and represents the initial phase of residential and infrastructure activity.
Governor Hobbs emphasized the role of new housing supply in meeting statewide demand and discussed the need for water sustainability in any large scale expansion. She acknowledged the project’s planned infrastructure and conservation measures as consistent with the state’s emphasis on long term water management.
Seven homebuilders, including Century Communities, Courtland Communities, DRB Homes, KB Home, Lennar, Meritage Homes, and New Home Co., have begun delivering the first homes within Floreo. Offerings vary by builder and product type, with entry level prices beginning in the low 300 thousand dollar range. The involvement of multiple builders is intended to increase supply in a region where population growth has outpaced housing availability.
Local officials, including Buckeye Mayor Eric Orsborn, described the project as aligned with the city’s stated goals for planned growth. Representatives from Howard Hughes Communities outlined the development’s structure, which integrates native desert landscaping, water efficient systems, low impact design, and preserved open space corridors.
Community engagement initiatives accompanied the opening events. Howard Hughes presented a fifteen thousand dollar innovation award to All Faith Community Services in recognition of its support for West Valley families. A public event, Floreo Fest, continued the celebration with model home tours, exhibits centered on sustainability, and appearances by regional sports figures.
Teravalis now becomes part of the broader Howard Hughes Communities portfolio, which spans more than 118,000 acres nationally and includes large scale developments in Houston, Las Vegas, Honolulu, Phoenix, and Maryland.