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Shea Homes Expands Into Las Vegas Market

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LAS VEGAS - (BUSINESS WIRE) - Shea Homes, the nation's largest family-owned homebuilder, announces today an agreement to purchase the 532-lot Ardiente master-planned community in North Las Vegas. The private guard-gated development will now be known as Shea Homes at Ardiente. This project was previously owned by Centex Homes, which shut down Las Vegas operations in 2008.

"Las Vegas has always been a dynamic housing market and a natural choice for Shea Homes, in particular the Active Adult segment," said Rick Andreen, President. "We expect success in this market to be buoyed by a naturally occurring synergy between Shea brand awareness, high customer satisfaction scores in California and the migration of retirees from California into Las Vegas. Shea's innovative home designs and award-winning track record will provide migrating buyers new choices in housing from a familiar, trusted name."

In March, Shea Homes will open a temporary sales center in the gated community's 20,000-square-foot clubhouse and debut three new model homes in mid-2010. Shea Homes plans to have an on-site designer at the community to assist homebuyers in customizing the interiors of their new homes.

The Shea Green Certified Homes will range in size from approximately 1,400 to 1,900 square feet with pricing from $150,000 to $209,000. Shea Homes is the first production homebuilder in the USA to introduce green, eco-friendly elements as standard, not optional, features.

"The Las Vegas market has very favorable demographics and with no state income tax is evolving into a very affordable alternative for West Coast retirees," continued Andreen.

The Shea name may be familiar to Nevadans due to the Shea family's involvement in construction for more than a century. Locally, Charlie Shea and the J.F. Shea Company were contractors on the Colorado River diversion tunnel and remained on that job as Project Manager overseeing the six companies building the Hoover Dam.

"Shea Homes is happy to return to the Las Vegas market and looks forward to the continuation of doing business here for years to come" says Andreen.

For more information about Shea Homes at Ardiente please visit SheaHomesatArdiente.com

About Trilogy by Shea Homes Active Lifestyle Communities

Known most for its Trilogy communities, Shea Homes offers premium resort communities giving consumers a new choice in living revolving around wellness, exploration, continued learning, and close personal connections. Architecturally superior product design and amenities reflect the changing needs of the baby boom generation, including business services, world-class clubs, state-of-the-art fitness facilities and a diverse range of recreation and education opportunities. Shea Homes Active Lifestyle Communities is committed to addressing Boomers' growing concerns about energy usage and the environment, and offers Shea Green Certified Homes across its portfolio with numerous "green" features and solar power systems that are available on all homes.

About Shea Homes

For more than 125 years, members of the Shea family and their companies have accomplished many extraordinary milestones including work on the foundation of the landmark Golden Gate Bridge, San Francisco Bay Area's Rapid Transit System (BART) and managing the construction of the Hoover Dam. Shea Homes introduced its Trilogy brand to the market in 1999 as the centerpiece of its Active Lifestyle Communities division. Today, SHLC is the fastest growing component of Shea Homes business with nine active lifestyle communities currently open and plans to expand nationally. For more information, visit www.TrilogyLife.com or by calling 800.685.6494.

Shea Homes
Kelley Alves, 925-580-7816
Marketing Manager



 
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