Opens two new communities as it looks to expand market share
PHILADELPHIA, August 1, 2017 – Pulte Homes, one of the nation’s largest homebuilders, is making significant investments to capture diverse buyer groups as it looks to expand its market share in Greater Philadelphia.
“The Philadelphia market continues to see healthy activity in homebuying,” says Craig Collin, division president for the Company’s Northeast Corridor Division. “As Philadelphia and its suburbs continue to attract major employers, particularly in the healthcare, education and technology fields, we see a tremendous opportunity to deliver consumer inspired homes and communities to meet the growing demand. Our group of brands, which includes Pulte Homes, Del Webb, and Centex, allows us to understand diverse consumer groups who are looking for different types of housing, and to deliver best-in-class homes and consumer experience tailored specifically to a buyer’s life stage and lifestyle.”
This summer, the Company will open two new communities in Bucks County, Cobblestone Estates and Tall Oaks, both in Warminster Township.
“These two new communities in Bucks County expand our presence in the popular suburbs surrounding Philadelphia where young families want to live, especially in desirable school systems with easy access to conveniences and job corridors,” added Collin.
Cobblestone Estates: Offering 36 single-family homes on generously sized lots, this community is perfect for families looking for well-regarded schools and plenty of living space, along with the convenience of new retail, employment, and major commuter corridors. Featuring four consumer-inspired home designs ranging from 2,408-2,828 sq. ft. with 4-6 bedrooms and flexible living spaces that can be expanded to over 3,500 sq. ft. with finished basements, Cobblestone Estates is one of the only new single-family home communities in Bucks County priced from the mid-$400s. The community is expected to open for sales later this summer.
Tall Oaks. This community offers 74 townhomes surrounded by mature trees and open space in a walkable residential neighborhood. Buyers will appreciate the livability and abundant space of the Surrey home design, a three-story townhome which includes 3-4 bedrooms with 2,343 sq. ft. of living space, two- car garages with storage space, a large flex room on the lower level, and an open floor plan on the main level for easy entertaining. A variety of optional features allow buyers to design a home that matches their lifestyle and budget, including extensions and alternate kitchen configurations.
In addition to connectivity to adjacent open space and trails, the community’s great location offers an abundance of conveniences: the Warminster train station, located just 1 mile away, is easily walkable, and provides SEPTA Regional Rail service to Philadelphia; Street Road (Rt. 132), Easton Rd (Rt. 611) and the PA Turnpike (I-276) are all conveniently accessible; and numerous major retailers, including Walmart and Costco, are located within 1 mile of the community. Tall Oaks is expected to open for sales this September.
According to Collin, the Company is looking to aggressively expand its market share in Philadelphia. The Company currently has four actively-selling communities in the area, including the recently opened community of Tice Estates in Hilltown, also in Bucks County, and will increase to six communities with the opening of Cobblestone Estates and Tall Oaks.
“Pulte Homes has been building homes in the Philadelphia market for more than 20 years. With our long history and focus on quality and consumer experience, we believe we are well positioned to deliver homes and communities that appeal to family buyers, millennials and empty-nesters who want convenient access to employment corridors and amenities.
"The continued strong performance of our active communities, along with our recent acquisition activity, demonstrates our dedication to establishing a long-term presence as a market leader in the Philadelphia area," added Collin.
For more information about the communities, visit www.pulte.com/TallOaks or www.pulte.com/CobblestoneEstates