Published: March 22, 2010
Shea Homes Expands Into Las Vegas Market
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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