Teravalis, formerly known as Douglas Ranch, is a proposed community in Buckeye,

Arizona Arizona ( ; nv, Hoozdo Hahoodzo ; ood, Alĭ ṣonak ) is a state in the Southwestern United States. It is the 6th largest and the 14th most populous of the 50 states. Its capital and largest city is Phoenix. Arizona is part of the Fou ...

, located west of Phoenix,

United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territorie ...

. 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 the Valley of the Sun, the Salt River Valley, or Metro Phoenix (known by most locals simply as “the Valley”) – is the largest metropolitan area in the Southwestern United States, centered on the city ...

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 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 holdings are focused on several master-planned ...

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 Arizona ...

, 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 , newspaper= Arizona Republic , date= August 29, 2007 , access-date= 2007-08-29 {{Dead link, date=April 2018 {{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 , date= October 31, 2003 , access-date= 2003-10-31

External links

Douglas Ranch

www.howardhughes.com
Planned communities in Arizona