Riviera Pines: A New Residential Community Coming to the Grand Parkway of Houston

Rhea-AI Summary

Meritage Homes and Trophy Signature Homes, a subsidiary of Green Brick Partners, Inc. (NYSE: GRBK), announced the development of Riviera Pines, a new residential community in Huffman, Texas. The project will offer 920 residential lots with one- and two-story single-family homes, ranging from 1,200 to 3,000 square feet. The homes will start in the high $200,000s and feature 3 to 5 bedrooms and 2 to 4 bathrooms. The community will include an amenity center and access to quality education in the Huffman Independent School District.

HUFFMAN, Texas--(BUSINESS WIRE)-- Meritage Homes, the fifth-largest public homebuilder in the U.S., and Trophy Signature Homes, a subsidiary of Green Brick Partners, Inc. (NYSE: GRBK), the third largest homebuilder in Dallas-Fort Worth, announced today its newest development in Huffman, Texas. This is Trophy Signature Homes’ debut in the Houston market.

High-resolution images available upon request. (Photo: Business Wire)

Riviera Pines is an exciting new residential community in a prime location just south of the Grand Parkway, providing direct access to destinations such as South Woodlands, Exxon Mobil HQ, and more. With a combined total of 920 residential lots, Meritage Homes and Trophy Signature Homes will offer one- and two-story single-family homes on three lot sizes – 40’, 45’ and 50’.

Riviera Pines will feature an on-site amenity center, offering residents a host of recreational and leisure options. The community will also provide residents access to quality education in the Huffman Independent School District.

Nestled within a tree-lined landscape, the community offers picturesque views and serene surroundings. Meritage Homes and Trophy Signature Homes will preserve the natural beauty of the area, ensuring that Riviera Pines remains an oasis amidst the bustling city.

Homes will start in the high $200,000s and range in size from approximately 1,200 to 3,000 square feet with 3 to 5 bedrooms and 2 to 4 bathrooms.

“With demand for new homes increasing among first-time buyers who want to escape escalating rents, families ready to purchase a home in Riviera Pines can take advantage of monthly savings that result from living in a highly energy-efficient Meritage home,” said Kyle Davison, Meritage Homes Houston Division President.

"We are thrilled to introduce Trophy Signature Homes to the Houston market," said Bobby Samuel, National Vice President of Land. "We provide modern architecture at an affordable price, offering families in Houston the opportunity to own their first home in a community with unparalleled amenities.”

Trophy simplifies the home buying process through transparency. The features and upgrades displayed in the model homes are standard and always included in the home’s price. This eliminates uncertainties regarding surprise costs and the final price, which is often a concern for new home buyers.

Phase 1 of Riviera Pines is targeted for delivery in Q2 of 2025, with subsequent phases and amenities following soon after.

About Meritage Homes Corporation

Meritage Homes is the fifth-largest public homebuilder in the United States, based on homes closed in 2023. The Company offers energy-efficient and affordable entry-level and first move-up homes. Operations span across Arizona, California, Colorado, Texas, Florida, Georgia, North Carolina, South Carolina, Tennessee and Utah.

Meritage Homes has delivered over 175,000 homes in its 38-year history, and has a reputation for its distinctive style, quality construction, and award-winning customer experience. The Company is an industry leader in energy-efficient homebuilding, a ten-time recipient of the U.S. Environmental Protection Agency’s ("EPA") ENERGY STAR® Partner of the Year for Sustained Excellence Award since 2013 for innovation and industry leadership in energy efficient homebuilding, and the recipient of the EPA's 2023 Market Leader Award for Certified Homes as well as the EPA's 2023 Indoor airPLUS Leader Award.

For more information, visit www.meritagehomes.com.

About Trophy Signature Homes

As a subsidiary of Green Brick Partners Inc., Trophy Signature Homes combines local building expertise with the strong financial resources of a national, diversified homebuilding and land development company. The Company is renowned for its modern architectural designs, comprehensive upgrades bundled with the home’s price, and its affiliation with the U.S. Environmental Protection Agency (EPA), ensuring ENERGY STAR® certified homes.

For more information about homes and communities, please visit TrophySignatureHomes.com or connect on Facebook, Instagram and TikTok.

About Green Brick Partners, Inc.

Green Brick Partners, Inc (NYSE: GRBK), the third largest homebuilder in Dallas-Fort Worth, is a diversified homebuilding and land development company that operates in Texas, Georgia, and Florida. 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 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/brands-services.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240325801706/en/

Meritage Homes:

Sheridan Burnett

(512) 610-6718

sheridan.burnett@meritagehomes.com

Trophy Signature Homes:

Yvette Rhea

(469) 777-0271

yrhea@trophysignaturehomes.com

Green Brick Partners:

Benting Hu

(469) 573-6755

IR@greenbrickpartners.com

Source: Green Brick Partners, Inc.

FAQ

What is the name of the new residential community developed by Meritage Homes and Trophy Signature Homes in Huffman, Texas?

The new residential community is called Riviera Pines.

How many residential lots will be offered in the Riviera Pines community?

The Riviera Pines community will offer a total of 920 residential lots.

What is the starting price range for homes in Riviera Pines?

Homes in Riviera Pines will start in the high $200,000s.

When is Phase 1 of Riviera Pines targeted for delivery?

Phase 1 of Riviera Pines is targeted for delivery in Q2 of 2025.

What sizes do the homes in Riviera Pines range from?

Homes in Riviera Pines range in size from approximately 1,200 to 3,000 square feet.