Longtime Valley homebuilders create new firm, prepare first project in Fountain Hills

A recently created Scottsdale-based homebuilder is kicking off its first project in Fountain Hills, with plans on the drawing board for additional developments.

After selling Garrett Walker Homes to Dallas-based Landsea Homes (Nasdaq: LSEA) in 2020, a group of executives created KLMR Homes in 2021.

Jeff Garrett, Alan Hall, Karen Dresher and Greg Dahl are co-founders and principals of KLMR Homes. They hired Kaylee Smith, former Arizona division president of Landsea Homes, as director of marketing and sales.

Together, the team has nearly 100 years of homebuilding experience, said Hall, an attorney who is serving as vice president of finance and land acquisitions and development for KLMR.

KLMR’s first project is Bellos at The Summit in Fountain Hills. That 68-lot subdivision had 41 homes built out until the Great Recession stopped construction, Hall said. KLMR bought the remaining 27 lots.

The community is near Shea and Palisades boulevards at the entrance to Fountain Hills and on the border of Scottsdale.

“The views are one-of-a-kind with stunning vistas,” he said. “We had an opportunity to purchase it and we jumped on it.”

The homes included finished “walk-out” basements.

“Basements are very rare in metro Phoenix to begin with,” he said. “It doesn’t have a basement feel. It’s a finished part of the home.”

Construction has begun on eight of the lots, he said.

“We’re close to finishing two of them,” he said. “We will continue to build through the subdivision and build on the remaining 19 lots.”

KLMR will look at other Phoenix projects

Homes ranging between 2,700 and 4,200 square feet will be priced between $1.3 million and $2.1 million. The gated community is on about 56 acres, but more than 30 acres are part of a hillside protected easement, which means nothing will ever be built on it, he said.

“The views won’t be impeded,” he said.

Smith, who joined KLMR earlier this summer, said three floor plans will be offered in that community, and that the homes will blend into the natural landscape.

“We keep that feeling of being out in nature,” Smith said.

The homes also are designed to maintain the nature and character of the existing homes within the subdivision, said Hall, who was director of development when he was at Garrett Walker Homes.

“We acquired the same plans for the prior product,” he said, adding that they were brought up to code.

Hall said he’s looking at a couple of other projects in the pipeline.

“We are always looking for opportunities,” he said. “It doesn’t have to be at this price point. We are an opportunistic builder in the metro Phoenix area.”

Get more residential real estate news delivered daily to your inbox by subscribing to the Business Journal’s free daily email newsletters.

source

Related Articles

wpChatIcon