Tri Pointe Homes Unveils Alterra, Newcastle’s Latest 62-Home Community With Models Designed by Bobby Berk
Tri Pointe Homes (NYSE: TPH) is launching Alterra, a new 62-home community in Newcastle, Washington. The development features five- to six-bedroom homes starting from the $2 millions. Two model homes, designed by Emmy award-winning TV host Bobby Berk, will be open for tours from September 21.
Alterra offers homes up to 4,200 square feet with access to the Newcastle Trail System and proximity to tech hubs in Bellevue, Redmond, and Kirkland. The community is part of a larger collaboration between Tri Pointe Homes and Bobby Berk, offering homebuyers curated design collections and style options.
With an interest list of nearly 600 potential residents, Alterra is positioned as a highly desirable development in the Puget Sound area, combining luxury living with natural surroundings and convenient amenities.
Tri Pointe Homes (NYSE: TPH) sta lanciando Alterra, una nuova comunità di 62 abitazioni a Newcastle, Washington. Lo sviluppo presenta case con cinque o sei camere da letto a partire da 2 milioni di dollari. Due modelli di abitazione, progettati dall'ospite televisivo premiato con un Emmy Bobby Berk, saranno aperti per visite a partire dal 21 settembre.
Alterra offre abitazioni fino a 4.200 piedi quadrati con accesso al Newcastle Trail System e vicinanza ai centri tecnologici di Bellevue, Redmond e Kirkland. La comunità fa parte di una collaborazione più ampia tra Tri Pointe Homes e Bobby Berk, offrendo ai potenziali acquirenti collezioni di design curate e opzioni di stile.
Con una lista d'interesse di quasi 600 potenziali residenti, Alterra si posiziona come uno sviluppo molto desiderabile nell'area di Puget Sound, combinando vita di lusso con un ambiente naturale e servizi convenienti.
Tri Pointe Homes (NYSE: TPH) está lanzando Alterra, una nueva comunidad de 62 viviendas en Newcastle, Washington. El desarrollo cuenta con casas de cinco a seis habitaciones que comienzan desde 2 millones de dólares. Dos casas modelo, diseñadas por el presentador de televisión ganador del premio Emmy Bobby Berk, estarán abiertas para visitas a partir del 21 de septiembre.
Alterra ofrece viviendas de hasta 4,200 pies cuadrados con acceso al Newcastle Trail System y cerca de centros tecnológicos en Bellevue, Redmond y Kirkland. La comunidad es parte de una colaboración más amplia entre Tri Pointe Homes y Bobby Berk, ofreciendo a los compradores de vivienda colecciones de diseño curadas y opciones de estilo.
Con una lista de interés de casi 600 posibles residentes, Alterra se posiciona como un desarrollo muy deseable en el área de Puget Sound, combinando un estilo de vida lujoso con un entorno natural y comodidades convenientes.
Tri Pointe Homes (NYSE: TPH)는 워싱턴주 뉴캐슬에 Alterra라는 새로운 62채 주택 커뮤니티를 런칭합니다. 이 개발은 5~6개 침실이 있는 주택을 200만 달러부터 제공합니다. 에미상을 수상한 TV 진행자 Bobby Berk가 디자인한 두 개의 모델 하우스가 9월 21일부터 투어를 제공합니다.
Alterra는 4,200 평방피트까지의 주택을 제공하며, Newcastle Trail System에 접근할 수 있고, 벨뷰, 레드몬드, 커클랜드의 기술 중심지와 가까운 위치에 있습니다. 이 커뮤니티는 Tri Pointe Homes와 Bobby Berk 간의 더 큰 협력의 일환으로, 주택 구매자들에게 큐레이션된 디자인 컬렉션과 스타일 옵션을 제공합니다.
거의 600명의 잠재 거주자로부터 관심 목록이 있는 Alterra는 푸젯 사운드 지역에서 매우 매력적인 개발로 자리 잡고 있으며, 럭셔리한 생활과 자연 환경 및 편리한 편의 시설을 결합하고 있습니다.
Tri Pointe Homes (NYSE: TPH) lance Alterra, une nouvelle communauté de 62 maisons à Newcastle, dans l'État de Washington. Le développement propose des maisons de cinq à six chambres à partir de 2 millions de dollars. Deux maisons modèles, conçues par l'animateur de télévision primé aux Emmy Bobby Berk, seront ouvertes aux visites à partir du 21 septembre.
Alterra propose des maisons allant jusqu'à 4 200 pieds carrés avec accès au Newcastle Trail System et à proximité des centres technologiques à Bellevue, Redmond et Kirkland. La communauté fait partie d'une plus large collaboration entre Tri Pointe Homes et Bobby Berk, offrant aux acheteurs de maison des collections de design personnalisées et des options de style.
Avec une liste d'intérêt de près de 600 résidents potentiels, Alterra se positionne comme un développement très recherché dans la région de Puget Sound, alliant vie de luxe, nature environnante et commodités pratiques.
Tri Pointe Homes (NYSE: TPH) startet Alterra, eine neue Gemeinschaft mit 62 Häusern in Newcastle, Washington. Die Entwicklung bietet Fünf- bis Sechs-Zimmer-Häuser, die ab 2 Millionen Dollar beginnen. Zwei Musterhäuser, entworfen von dem Emmy-prämierten TV-Moderator Bobby Berk, werden ab dem 21. September für Besichtigungen geöffnet sein.
Alterra bietet Häuser mit bis zu 4.200 Quadratfuß und Zugang zum Newcastle Trail System sowie die Nähe zu Technologiestandorten in Bellevue, Redmond und Kirkland. Die Gemeinschaft ist Teil einer größeren Zusammenarbeit zwischen Tri Pointe Homes und Bobby Berk, die den Hauskäufern kuratierte Designkollektionen und Stiloptionen bietet.
Mit einer Interessentenliste von nahezu 600 potenziellen Bewohnern positioniert sich Alterra als eine äußerst begehrte Entwicklung in der Puget Sound-Region, die luxuriöses Wohnen mit natürlicher Umgebung und praktischen Annehmlichkeiten kombiniert.
- Launch of a new 62-home luxury community in a prime location
- Collaboration with celebrity designer Bobby Berk, potentially increasing appeal and value
- High interest from potential buyers with nearly 600 on the interest list
- Homes offering up to 4,200 square feet with 5-6 bedrooms, catering to high-end market
- Strategic location near tech hubs and outdoor amenities, likely to attract affluent buyers
- High starting price point of $2 million may limit the potential buyer pool
- Dependence on continued strength in the luxury housing market
Insights
The launch of Alterra, a 62-home luxury community in Newcastle, Washington, by Tri Pointe Homes (NYSE: TPH) is a strategic move in the high-end real estate market. With homes starting from
However, the timing of this launch is crucial. With interest rates at elevated levels and concerns about a potential economic slowdown, the luxury housing market could face challenges. The success of Alterra will depend on the resilience of high-income buyers and the continued strength of the tech sector in the Seattle area. The pre-launch interest list of 600 potential residents is promising, but conversion to actual sales will be the true test of market demand.
Investors should monitor sales velocity and pricing trends at Alterra as indicators of Tri Pointe Homes' performance in the luxury segment and the overall health of the high-end real estate market in tech-centric regions.
Tri Pointe Homes' Alterra development in Newcastle is a bold bet on the continued demand for luxury housing in Seattle's Eastside. The project's key strengths lie in its location and amenities. Proximity to tech hubs like Bellevue and Redmond, coupled with access to nature trails and golf courses, aligns well with the preferences of high-earning tech professionals.
The home designs, featuring up to 4,200 square feet with 5-6 bedrooms, cater to the needs of larger families or those desiring spacious work-from-home setups. The Bobby Berk-designed interiors add a unique selling point, potentially justifying the premium pricing.
However, the
While the launch of Alterra is noteworthy, its direct impact on Tri Pointe Homes' (NYSE: TPH) financials may be in the short term. With 62 homes priced from
However, this represents a small fraction of Tri Pointe's annual revenue, which was
Investors should focus on the project's sell-through rate and any changes in TPH's overall gross margin in upcoming quarterly reports as indicators of Alterra's performance and its impact on the company's financial health.
Alterra to offer five- to six-bedroom homes on the Eastside starting from the
Exterior of model home at Alterra. Photo credit: ImageArts Productions / Tri Pointe Homes
Alterra is set to be one of the area’s most coveted communities due to its prime location in the highlands of
Two model homes that will be available for viewing at Alterra come from the brilliant interior design mind of Berk, who first became known for his work transforming lives and living spaces on Netflix’s Queer Eye and has since established himself as a preeminent leader in the design industry. Berk took inspiration from the beauty of the Pacific Northwest when designing these model homes, which are expected to include the following design styles:
- Classic Transitional: Marries the timeless elegance of traditional aesthetics with the clean lines and simplicity of contemporary décor.
- Contemporary Woodland Retreat: Where mid-century elegance converges with a palette inspired by coastal hues. Features clean lines, natural textures, and dusty blue and green accents.
Alterra is part of a larger collaboration between Tri Pointe Homes and Bobby Berk, which allows homebuyers to engage with the two brands in various ways. First, they take the Style Finder to determine their personal Bobby Berk x Tri Pointe Homes style. Then, they can select finishes from the 10 exclusive collections curated by Bobby Berk for Tri Pointe Homes, that correspond with that style. Finally, they can even purchase furniture in their selected Bobby Berk x Tri Pointe Homes style.
“I was truly inspired by the gorgeous surroundings at Alterra, which translated into designs for the model homes that I feel create serenity and a sense of peace,” said Berk. “I can’t wait for people to experience my designs as part of their homebuying journey – I hope they consider purchasing a Tri Pointe home so they can gain access to the wonderful design resources available through our collaboration.”
This is the third Tri Pointe Homes community in the Puget Sound area to feature Berk’s designs – previously, the designer collaborated on homes in
“We’re proud to once again employ the talents of Bobby Berk to work on one of our new home communities,” said Ken Krivanec, Division President of Tri Pointe Homes Washington. “We currently have an interest list of almost 600 potential residents and could not be more thrilled at the excitement that is building around this community.”
At Alterra, golfers can enjoy easy access to The Golf Club at
For more information or to preview Tri Pointe Homes’ new model homes at Alterra, please visit https://www.tripointehomes.com/alterra
About Tri Pointe Homes®
One of the largest homebuilders in the
About Bobby Berk
Bobby Berk is an Emmy-winning design expert, TV host and author. He rose to prominence in 2018 for his work transforming lives and living spaces on Netflix’s Queer Eye, and has since established himself as a preeminent leader in the design industry. Bobby leads his eponymous multi-faceted brand, including comprehensive lifestyle destination BobbyBerk.com, while his design firm has become one of the most sought after in the home building industry. Most recently, Bobby released his first book, Right at Home: How Good Design Is Good For The Mind, available now.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240911117497/en/
May Wildman, C+C for Tri Pointe Homes
mwildman@cplusc.com 702.301.8496
Source: Tri Pointe Homes
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