Maybe it’s the scenery. Maybe it’s the opportunity. But it’s definitely the people who make Estrella™ a great place to call “Home.”
This master-planned community was purchased for a reported $212.5M in the fall of 2021. Three partnering businesses, Harvard Investments, Toll Brothers, and Värde Partners formed a joint venture – called Estrella Partners, LLC. – to acquire about 18,000 acres.
The partners held a Town Hall last month at Estrella Foothills High School to a surprisingly large crowd explaining their vision for our community located in Goodyear, Arizona.
Estrella™ “North” is considered the Lucero community near Star Tower all the way to Pecos Road. This area has roughly 6,400 acres of undeveloped land where the Estrella Partners plan to build 12-14,000 single and multi-family units.
Estrella is currently home to 7,000 families. Under this new vision, the community has the potential to triple in size.
The plan also includes more retail, restaurants, parks and trails.
But to get those amenities, Estrella needs people. And they’re certainly on their way.
We live in one of the fastest growing regions of the United States according to the latest U.S. Census Bureau. Both Goodyear and Buckeye, Arizona made the top 15-fastest growing cities.
Estrella Partners now own the Golf Club of Estrella, planned and future neighborhoods, the Casa Lucero Welcome Center and acreage south of Pecos Road called “Estrella™ South.”
Assets NOT acquired by Estrella Partners include the Starpointe and Presidio Residents Clubs, Yacht Club, the lakes, Star Tower and Kitchell-owned properties. CantaMia is still owned by Taylor Morrison.
Estrella Partners are taking a thoughtful approach to community development according to Tim Brislin, vice president of Harvard Investments. The group plan to support schools, parks and open spaces, and improving the overall “Experience of Life in Estrella.”
We’re really excited about the plan to refresh current amenities like the Starpointe Residents Club, build more pickleball courts. While no plan has been made yet, Estrella Partners are looking at making future use of the decommissioned Welcome Center near North Lake!
For now, the Lucero and Montecito neighborhoods will continue to grow. And we’ll keep an eye on the opportunity for more people to call Estrella “Home.”
About the Author
Martin C. Sears is the West USA Realty – Estrella Branch Owner & Officer Manager.
The Sears Group is located in Elliot Market near the Estrella gas station and Taste of Italy restaurant.