Teravalis, formerly known as Douglas Ranch, is a proposed

master-planned community A planned community, planned city, planned town, or planned settlement is any community that was carefully planned from its inception and is typically constructed on previously undeveloped land. This contrasts with settlements that evolve ...

in Buckeye,

Arizona Arizona is a U.S. state, state in the Southwestern United States, Southwestern region of the United States, sharing the Four Corners region of the western United States with Colorado, New Mexico, and Utah. It also borders Nevada to the nort ...

, located west of Phoenix,

United States The United States of America (USA), also known as the United States (U.S.) or America, is a country primarily located in North America. It is a federal republic of 50 U.S. state, states and a federal capital district, Washington, D.C. The 48 ...

. The project had been anticipated to break ground in 2012, but was delayed due to a housing crisis that overtook the

Phoenix metropolitan area The Phoenix metropolitan area, also known as the Valley of the Sun, the Salt River Valley, metro Phoenix, or The Valley, is the largest metropolitan statistical area in the Southwestern United States, with its largest principal city being the c ...

in 2008. Development resumed in 2019. The Howard Hughes Corporation broke ground in the community in October 2022. Teravalis is anticipated to become one of the leading MPCs in the country, with up to 100,000 homes, 300,000 residents, and 55 million square feet of commercial development. Residential lot sales at Teravalis are scheduled to begin in 2024. The MPC was acquired by

Howard Hughes Corporation Howard Hughes Holdings Inc., formerly the Howard Hughes Corporation, is a real estate development and management company based in The Woodlands, Texas. It was formed in 2010 as a spin-off from General Growth Properties (GGP). Most of its holding ...

from JDM Partners, led by

Jerry Colangelo Jerry Colangelo (born November 20, 1939) is an American businessman and sports executive. He formerly owned the Phoenix Suns of the NBA, the Phoenix Mercury of the WNBA, the Arizona Sandsharks of the Continental Indoor Soccer League, the A ...

, David Eaton and Mel Shultz, and El Dorado Holdings, led by Mike Ingram; both companies will remain as joint venture partners with HHC on Floreo, the 3,000-acre first village of Teravalis. the development has only limited water rights. A number of options have been proposed to acquire enough water to satisfy the legal requirement in Arizona that a development have a 100 year supply of water.

References

{{Reflist , refs= {{cite news , title= Buckeye's Douglas Ranch , url= http://www.azcentral.com/community/swvalley/articles/0829swv-conversationsnew0829.html , archive-url= https://archive.today/20120720102653/http://www.azcentral.com/community/swvalley/articles/0829swv-conversationsnew0829.html , url-status= dead , archive-date= July 20, 2012 , newspaper=

Arizona Republic ''The Arizona Republic'' is an American daily newspaper published in Phoenix. Circulated throughout Arizona, it is the state's largest newspaper. Since 2000, it has been owned by the Gannett newspaper chain. History Early years The newspap ...

, date= August 29, 2007 , access-date= 2007-08-29 {{cite news , title=Jerry Colangelo developing ambitious West Valley 'city of the future , url=http://ktar.com/story/2406320/jerry-colangelo-developing-ambitious-west-valley-city-of-the-future/ , access-date=January 23, 2019 , work=KTAR.COM , date=Jan 23, 2019 {{cite news , title= Buckeye awakening to major growth , url= http://www.bizjournals.com/phoenix/stories/2003/11/03/editorial2.html , newspaper=

Phoenix Business Journal American City Business Journals, Inc. (ACBJ) is an American newspaper publisher based in Charlotte, North Carolina. ACBJ publishes ''The Business Journals'', which contains local business news for 44 markets in the United States with each market ...

, date= October 31, 2003 , access-date= 2003-10-31

External links

Douglas Ranch

www.howardhughes.com
Planned communities in Arizona