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sheahomes.com

Founded Year

1881

Stage

Acquired | Acquired

About Shea Homes

Shea Homes builds homes and communities. It is based in Charlotte, North Carolina.On February 3rd, 2021, Shea Homes was acquired by Empire Communities. The terms of the transaction were not disclosed.

Shea Homes Headquarter Location

8008 Corporate Center Drive Suite 300

Charlotte, North Carolina, 28226,

United States

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Latest Shea Homes News

3 Roots Officially Opens, Nearly 600 Homes Already Sold

May 31, 2022

Developers of the expansive 3 Roots residential project in Sorrento Mesa are just now officially opening the community despite having sold nearly 600 homes since construction started last summer. Developed by a partnership of Lennar, Shea Homes and California West, 3 Roots will ultimately have about 1,800 homes, including an affordable apartment complex built by Chelsea Investment Corp. that is just starting construction. The first model homes opened for tours in May. Ryan GreenDivision PresidentLennar “The partners wanted to have an event to really focus on thanking those who helped us see this come to fruition,” said Ryan Green, division president of Lennar. Robust Demand Home prices range from the 600,000s to more than $1 million and “they’re selling very well,” Green said. “It’s one of our most successful communities in a very successful market,” Green said. “I venture a guess that we could likely sell more if we could build them quicker.” Rising interest rates have had little effect so far, Green said. “Our demand for the community is still very robust. We have not seen any kind of impact to our sales,” Green said. “It’s one of the most thoroughly planned communities in one of the best locations in San Diego County.” The project is designed for a wide range of demographics. “We have a home for just about everyone from your first-time purchaser to those who sent their children off to college,” Green said. “Our spectrum because of the way we set up the designs covers every single profile you could expect.” Green said the COVID-19 pandemic caused problems in getting materials. “In some ways, it increased demand because people wanted to have their own private space,” Green said. The pandemic has affected how builders design homes “and the features we will need to incorporate in a home,” Green said. Wisdom, Wonder and Wellness The 3 Roots community covers 413 acres east of Camino Santa Fe and south of Mira Mesa Boulevard – 218 acres of which was part of a quarry operated by Hanson Aggregates. The name 3 Roots was chosen by Hanson to represent three elements around which the community was planned – wisdom, wonder and wellness, Green said. Wellness comes through the 6,000-square-foot recreation center that will include a lap pool and a recreation pool, Green said. Fit Athletic Club has been contracted to operate the center. Wisdom is represented in the starry-night tot lots with constellations of stars embedded in the design and in poetry that will displayed throughout the community, Green said. Matthew Cavanagh of California Artworks has been commissioned to create a series of murals throughout 3 Roots. Green said that wonder is represented in the three miles of trails that meander through the community. In addition to the residential development, 3 Roots will include 120,000 square feet of retail space that the developers have designated the Root Collective. With construction yet to start on it, the retail center is slated to include the fitness and recreation center and a mobility hub that will have spaces for ride-share parking, shuttles, bike lockers, electric vehicle charging stations and a connection to a planned rapid transit bus route. In a nod to the site’s history as a rock quarry, the recreation building will have an industrial design, Green said. Architects designing 3 Roots included Mike Woodley of Colorado, Stark Architecture + Planning based in Little Italy, and Bassenian Iagoni Architects of Newport Beach. The community is expected to take five years to complete. Homes in the 3 Roots development in Sorrento Mesa have been selling briskly. Photo courtesy of Lennar

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  • When was Shea Homes founded?

    Shea Homes was founded in 1881.

  • Where is Shea Homes's headquarters?

    Shea Homes's headquarters is located at 8008 Corporate Center Drive, Charlotte.

  • What is Shea Homes's latest funding round?

    Shea Homes's latest funding round is Acquired.

  • Who are the investors of Shea Homes?

    Investors of Shea Homes include Empire Communities.

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