LGI Homes expands presence and product offering in the Portland market with two new communities near Vancouver
24 September 2020 - 9:00PM
LGI Homes, Inc. (Nasdaq:LGIH) today announced the grand opening of
two new communities in the greater Portland metro, both located
north of the city in Clark County. Riverside Estates is a private
neighborhood offering single-family homes in La Center, and 5th
Plain Creek Station hosts a mix of upgraded townhomes and
single-family homes in Vancouver.
Located near I-5 North in La Center, the
picturesque Riverside Estates community positions residents for an
easy commute to major employers and popular attractions, as well as
proximity to a variety of local amenities. “We are excited to
announce the opening of our Riverside Estates community,” said Ryan
Stokes, division president for LGI Homes. “This community provides
Portland buyers an opportunity to own an affordable, new home in a
beautiful surrounding within reach of work, schools, shopping and
area attractions.”
LGI plans to build 190 single-family homes at
Riverside Estates, ranging in size from approximately 1,300 to over
2,300 square feet, with up to five bedrooms and three baths. The
one- and two-story floor plans offered at this community feature
sought-after open-concept entertaining areas, upgraded kitchens and
spacious owner retreats. Each home at Riverside Estates comes
equipped with LGI’s CompleteHome™ package, a full suite of designer
upgrades including Whirlpool® kitchen appliances, granite
countertops and durable plank flooring. Pricing begins in the
$360s.
Portland buyers are also encouraged to visit 5th
Plain Creek Station by LGI Homes, located near I-205 and WA-500 in
the Orchards area of Vancouver. “The grand opening of this
community represents a milestone as we expand our product offering
in the Portland market to include townhomes,” Stokes stated. “5th
Plain Creek Station provides an option for low-maintenance
homeownership at an exceptional value. LGI’s affordable pricing
combined with today’s low interest rates truly makes this a
once-in-a-lifetime opportunity to own a new home in the heart of
Vancouver.”
5th Plain Creek Station showcases a variety of
floor plans, including four new townhome plans and one new
single-family plan, in addition to two of LGI’s most popular
single-family homes. The modern two-story townhomes range in size
from over 1,300 to 2,600 square feet, with up to four bedrooms and
two and a half baths. These upgraded homes include attached two-car
garages, spacious entertaining areas and luxurious master suites.
Townhome pricing begins in the $320s.
Single-family home designs at 5th Plain Creek
Station include stunning fireplaces, abundant closet space and flex
rooms. Ranging in size from approximately 1,500 to 2,100 square
feet, the two-story homes offer up to four bedrooms and two and a
half baths. Every home at 5th Plain Creek Station is
outfitted with LGI’s CompleteHome Plus™ package, featuring designer
upgrades such as granite countertops, 42-inch upper kitchen
cabinets, stainless steel Whirlpool® kitchen appliances, luxury
vinyl plank flooring, window blinds and ceiling fans.
For additional information, or to schedule a
private tour at one of these new communities, interested homebuyers
are encouraged to visit www.LGIHomes.com/Portland to
contact their preferred community. To accommodate homebuyers at
this time, LGI Homes’ information centers are open for tours by
appointment only and are in compliance with Centers for Disease
Control and Prevention and local safety guidelines.
About LGI Homes,
Inc.Headquartered in The Woodlands, Texas, LGI Homes, Inc.
engages in the design, construction and sale of homes in Texas,
Arizona, Florida, Georgia, New Mexico, Colorado, North Carolina,
South Carolina, Washington, Tennessee, Minnesota, Oklahoma,
Alabama, California, Oregon, Nevada, West Virginia and Virginia.
Recently recognized as the 10th largest residential builder in
America, based on units closed, the Company has a notable legacy of
more than 17 years of homebuilding operations, over which time it
has closed more than 40,000 homes. For more information about the
Company and its new home developments, please visit the Company’s
website at www.LGIHomes.com.
MEDIA CONTACT: Rachel Eaton (281) 362-8998 ext.
2560
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/92366c93-5c8c-4b52-b03d-35c2f365e2c4
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