With Forest City Covington breaking ground this week on its residential community at Mesa del Sol, a shift in the Duke City home building market has occurred. Builders appear to be dusting off blueprints, and most likely will be building more homes over the next 12 to 24 months, after a nearly three-year drought.
The four homebuilders selected by Forest City for the Phase 1 build out of 250 homes include locally based builders RayLee Homes, Paul Allen Homes and Rachel Matthew Homes, along with national giant Pulte Homes. All say they will be more active in the coming months. Paul Allen and Rachel Matthew are putting their future home starts in the Mesa del Sol basket, convinced that the city’s future is not the cookie-cutter development found on the west side of the Rio Grande, but green-certified units, such as those planned at Mesa del Sol.
“We are out of the land development business and plan to hunker down at Mesa del Sol and run with them for the next 20 years,” said Rex Paul Wilson, the CEO at Paul Allen Homes.
I am so excited to see Mesa Del Sol grow and form into one of Albuquerque’s most innovative communities. The idea behind Mesa Del Sol is to have a community where one can live, work, and play. They have built the infrastructure, have brought in jobs and are bringing in more, and are now going to build homes… and not just any home. They’re going to build high quality, energy efficient, affordable homes. I am so very excited!
Teaser Photo Provided By -Andrew-