AZ Big Media 100,000-home Teravalis breaks ground in Northwest Buckeye

The Howard Hughes Corporation — in partnership with JDM Partners and El Dorado Holdings — broke ground Friday, Oct. 28, on Teravalis, formerly known as Douglas Ranch. The community is located in northwest Buckeye.

The groundbreaking took place at 16912 Sun Valley Pkwy., Buckeye.

Teravalis will become Arizona’s largest master planned community (MPC). The community anticipates 100,000 homes, 300,000 residents, and 55-million-square-feet of commercial real estate upon completion. The development of this community represents the future of the city of Buckeye, already one of the nation’s fastest-growing cities.

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The 37,000-acre community is projected to be developed over the next 50 years. As the only community built and managed from inception to completion by the company, Teravalis will be the first community in the HHC portfolio whose development solely represents the Howard Hughes legacy.

“How you live matters,” said Heath Melton, President of the Phoenix Region for The Howard Hughes Corporation. “Our mission is to curate vibrant communities that elevate the everyday, creating meaningful moments in great places where people can live their best lives – and thrive for generations to come.”

Melton was one of several speakers at the community’s groundbreaking ceremony on Friday, Oct. 28, 2022.

He was joined by Jay Cross, President of The Howard Hughes Corporation, Jerry Colangelo, Partner of JDM Partners, Sandra Watson, President and Chief Executive Officer of Arizona Commerce Authority, and Buckeye Mayor Eric Osborn.

“The launch of (this master planned community) is momentous news for Phoenix and the state of Arizona. We are creating a city of the future—leveraging The Howard Hughes Corporation’s development expertise to build a community with limitless potential to spur growth, business expansion, economic opportunity and innovation,” said Jerry Colangelo, sports executive, businessman, and long-time Phoenix resident whose development company, JDM Partners, is one of the largest owners of entitled land in Arizona.

The Howard Hughes Corporation owns, manages and develops commercial, residential and mixed-use real estate throughout the U.S. Its award-winning assets include the country’s preeminent portfolio of master planned communities (MPCs), as well as operating properties and development opportunities including the Seaport in New York City; Downtown Columbia®, Maryland; The Woodlands®, The Woodlands Hills®, and Bridgeland® in the Greater Houston, Texas area; Summerlin®, Las Vegas; Ward Village® in Honolulu, Hawai’i; and it’s newest and largest MPC in Phoenix.