AV Homes Announces Newest Active Adult Community
January 07 2013 - 3:55PM
The Port St. Lucie area will soon be drawing the attention of some
of the nation's 78-million Baby Boomers who are searching for their
perfect retirement destination. In early February AV Homes will
unveil Florida's newest active adult community for people 55+ in
the Tradition master-planned community, located just east of I-95
between the Tradition and Crosstown Parkways.
Vitalia at Tradition is planned for 1,200 single-family homes, a
new 24,000-sq.ft. clubhouse, and an array of outdoor amenities such
as a heated pool, tennis, pickleball and an innovative golf
practice area. The homes, ranging from 1,400 to almost 2,500 sq.
ft. will be priced from the $170s.
Vitalia may be one of America's newest active adult community
brands, but AV Homes is a company with nearly 50 years of community
development expertise. The company is best-known for Solivita, its
4,300-acre active adult community near Orlando. It also serves the
55+ market with communities near Phoenix, Arizona. The company
launched its new Vitalia brand in early 2012.
"Vitalia at Tradition is a community that's targeted to meet the
lifestyle ambitions of active adults who are now returning to the
market," said Executive Vice President Carl Mulac. "The economy of
the last five years caused a great many active adults to
re-evaluate their retirement plans, and we designed Vitalia as a
place where they can rekindle their dreams," he added.
Mulac said Vitalia at Tradition meets many of the criteria that
today's active adults are seeking. It's a smaller and more intimate
community, breaking away from the model of the large-scale
communities that dominated the market pre-2006. It doesn't include
golf, as many home buyers see that as an expense they can do
without. "There's great public golf throughout the area, and we
think our golf practice amenity will be an innovative way to meet
the needs of our golf-minded customers," Mulac said.
The homes at Vitalia were designed following on-site market
research by award-winning architect Michael Woodley. In order to
understand the customers' needs and desires, Woodley actually lived
at a Vitalia community for a short period to gain perspectives
about the way they lived in their homes. The result was smaller but
more functional floor plans that integrate outdoor living into the
home environment. Vitalia at Tradition will open with nine floor
plans, three of which will be decorated models, with the six
remaining plans available for viewing in Vitalia's various
neighborhoods. One of the plans is a finalist in the National
Association of Home Builders 50+ Housing Awards competition. The
winners will be announced in late January.
"We're excited about the potential of our newest community
because it's in a great location. Tradition already has a wealth of
retail establishments, a new hospital is under construction, and
it's also convenient to all the great lifestyle elements of Port
St. Lucie, including some beautiful beaches," Mulac said.
AV Homes in planning a Grand Opening for Vitalia at Tradition in
early February. The community's website, www.vitaliahomes/tradition
has additional information on the homes, floor plans and prices. It
plans to finalize its plans for the clubhouse in the weeks to come
and begin construction in the spring with plans for a Grand Opening
in late 2013.
AV Homes, Inc. is engaged in homebuilding and community
development in Florida and Arizona. Its principal operations are
conducted at its active adult communities of Solivita near Orlando,
Florida and CantaMia near Phoenix, Arizona. The company also builds
conventional communities for people of all ages in the Orlando and
Phoenix areas under its Joseph Carl Homes brand. AV Homes in
publicly held and traded on NASDAQ under the symbol AVHI.
Contact: Ken Plonski 480-214-7408;
k.plonski@avhomesinc.com
This news release contains "forward-looking statements" within
the meaning of the U.S. federal securities laws, which statements
may include information regarding the plans, intentions,
expectations, future financial performance, or future operating
performance of AV Homes, Inc. Forward-looking statements are based
on the expectations, estimates, or projections of management as of
the date of this news release. Although our management believes
these expectations, estimates, or projections to be reasonable as
of the date of this news release, forward-looking statements are
inherently subject to significant business risks, economic and
competitive uncertainties, or other contingencies which could cause
our actual results or performance to differ materially from what
may be expressed or implied in the forward-looking statements.
Important factors that could cause our actual results or
performance to differ materially from our forward-looking
statements include those set forth in the "Risk Factors" section of
our Annual Report on Form 10-K for the year ended December 31, 2011
and in our other filings with the Securities and Exchange
Commission, which filings are available on www.sec.gov. At least
80% of active adult homes are intended for occupancy by at least
one person 55 years or older. AV Homes disclaims any intention or
obligation to update or revise any forward-looking statements to
reflect subsequent events and circumstances, except to the extent
required by applicable law.
Ken Plonski, Sr. Vice President of Communications
AV Homes, Inc.
480-214-7408
k.plonski@avhomesinc.com
About AV Homes
AV Homes, Inc. was formed in 1970. It is best known for the
development of Poinciana, an award-winning 47,000-acre
master-planned community near Orlando, Florida. Today, the company
is engaged in homebuilding, land development and other real estate
operations in Florida and Arizona. Its principal operations are
conducted at its 55 active adult communities – Solivita near
Orlando, and CantaMia near Phoenix. It also builds homes for people
of all ages in Central Florida and Phoenix through its Joseph Carl
Homes brand.
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