The Villas nearing completion
For more than a year, property developers have worked toward opening the latest housing district in Lake Havasu City’s foothills. Now that project is nearing completion amid a growing trend of residential construction throughout the city.
Janecek Homes has developed 50 acres of real estate for what will be known as “The Villas,” which will comprise 180 homes slated for development over the next four years, according to property developer Eric Gedalje. In the often pricey Havasu foothills, Villas properties will open to the market at almost $400,000 per unit. The new residences could invite further interest and more residents to Havasu in the near future, according to developers.
“We’re really excited to see this community thrive and create that much more opportunity for housing as our town is quickly filling up,” said developer Justin Janecek. “For us, it’s about building more than just a home. It’s about building trust and relationships.”
Developers from Janecek Homes met with officials from the Lake Havasu City Partnership for Economic Development last August to discuss the project, which created jobs for builders, roofers and specialists in building materials. According to previous statements by Gedalje, each of the Villas’ homes will range between 1,531 and 1,868 square feet.
“A strong housing market is a good leading indicator that shows growth ahead of the economic cycle,” said PED President James Gray.
“We can see that growth in numerous projects throughout town, including the Villas,” Gray said. “(Janecek Homes owners) Bob and Kathy Janecek are an excellent example of local business owners strengthening their commitment to Lake Havasu. They have been building in the community for over 30 years and their continued investment in the Villas shows their dedication to our community … success in local business is intrinsic to a high quality of life.”
With the construction of the Villas, two additional housing projects in the Havasu foothills are expected to emerge, adding an estimated 197 additional Havasu properties.
“I love the concept with this community because it’s really going to be able to give more buyers a chance to call this amazing community home without the million dollar price tag,” Gedalje said.
As the Villas nears completion, other housing projects throughout Havasu have seen a surge in growth. Among them is “The Views” on Swanson Avenue, near Arizona State University’s Lake Havasu City campus. The property is slated to become a senior independent living facility, affectionately referred to by property developer Mychal Gorden, of Desert Land Group, as a “cruise ship on land.”
The property will offer 92 units for residents of 55 years and older, with amenities such as a swimming pool, full-service restaurants and shops. The Views is expected to open in March.
Another of the city’s major development projects is the Havasu Riviera resort community. The location has been in development throughout this year, and is planned to eventually become prime real estate for planned townhomes, condominiums and single-family residences, as well as a resort hotel.
Developers have spent the past two months building a road into the Havasu Riviera project, as well as a new public boat launch ramp for Havasu’s visitors and locals. Future development of the Havasu Riviera project will continue throughout next year.
The Villas will have a grand opening Jan. 12, from 11 a.m. to 5 p.m., featuring a block party with free food and refreshments, a DJ and tours of the area’s model homes on Cherry Tree Boulevard.