Green Brick Partners, Inc. Announces New Land Acquisition in Vero Beach, FL
04 Ottobre 2023 - 10:05PM
Green Brick Partners, Inc. (NYSE: GRBK) (the “Company” or “Green
Brick”), one of Fortune Magazine’s fastest growing companies in
2022 and its fastest growing public homebuilder, announced that the
Company has purchased 78 homes sites in Grand Harbor, a
longstanding master-planned community in Vero Beach known for its
beautiful waterfront homes and golf courses. Vero Beach is about 80
miles north of Palm Beach, FL and is an important city in the
Treasure Coast area. The city features peaceful beaches and is one
of the most desirable areas to live in Florida.
GHO Homes, one of Green Brick’s subsidiary homebuilders, has
been building new homes in South Florida for more than two decades,
with a focus on Florida’s Treasure Coast throughout Sebastian, Vero
Beach, Fort Pierce, and Port St. Lucie.
“Grand Harbor, which is seeing a resurgence
under the new leadership of the residents in the community and the
Country Club, has long been one of the most sought-after locations
for retirees and vacation home buyers,” said Bill Handler,
President of GHO Homes. “The lifestyle offered is extraordinary.
Warm climate and a wealth of scenic natural beauty, outdoor
activities and cultural offerings attract an abundance of demand in
the area. Due to low existing home inventory and limited
competition from other new home builders, the Company expects to
generate attractive returns and gross margins in this community.”
This community, along with the Falls in Grand Harbor which GHO
purchased a few years ago, represent the last remaining new home
opportunities in this storied Country Club community.
GHO Homes will be offering higher-end homes with
waterfront and golf course views priced from $1.5 to $2.5 million.
Models will range in size up to 3,500 square feet, with two or
three-car garages. Construction of the homes is currently slated to
start at the end of 2023, and the Company anticipates opening for
sales in October 2023.
About Green Brick Partners,
Inc.Green Brick Partners, Inc. is a diversified
homebuilding and land development company that operates in Texas,
Georgia, and Florida and has a non-controlling interest in a
Colorado homebuilder. Green Brick owns five subsidiary homebuilders
in Texas (CB JENI Homes, Normandy Homes, Southgate Homes, Trophy
Signature Homes, and a 90% interest in Centre Living Homes), as
well as a controlling interest in a homebuilder in Atlanta, Georgia
(The Providence Group) and an 80% interest in a homebuilder in Port
St. Lucie, Florida (GHO Homes). Green Brick also owns a
noncontrolling interest in Challenger Homes in Colorado Springs,
Colorado, and retains interests in related financial services
platforms, including Green Brick Title and BHome Mortgage. The
Company is engaged in all aspects of the homebuilding process,
including land acquisition and development, entitlements, design,
construction, marketing, and sales for its residential
neighborhoods and master-planned communities. For more information
about Green Brick Partners Inc.’s subsidiary homebuilders, please
visit greenbrickpartners.com/homebuilders.
About GHO HomesGHO Homes has
been building homes for more than two decades, focusing on
communities on Florida’s Treasure Coast. In addition to offering
single-family and patio homes, GHO Homes also builds their
award-winning homes on individual homesites through their Build On
Your Lot Program. All GHO Homes utilize time-tested quality
materials and methods, the latest design features, finishes, and
energy efficient components. GHO Homes has continued to raise the
bar through the creation of the GHO Tailor-Made program. This
program sets GHO apart from its competitors by allowing homebuyers
to customize their homes with numerous plan options, built-ins, and
upgrades that result in custom, one-of-a-kind homes at an
outstanding value.
Green Brick Partners Contact:
Benting HuVice President of
Finance469-573-6755IR@greenbrickpartners.com
GHO Homes Contact:Bill
HandlerPresident of GHO Homes561-719-4410billh@ghohomes.com
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