<p xmlns="http://www.w3.org/1999/xhtml" class="bwalignc">
<i xmlns="http://www.w3.org/1999/xhtml">Ne...

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<i xmlns="http://www.w3.org/1999/xhtml">New community showcases how underutilized commercial properties can help address housing shortages through redevelopment</i>

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<a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.tripointehomes.com%2Fut%2Fsalt-lake-city%2Fsalt-lake-city-utah%2F&amp;esheet=54564411&amp;newsitemid=20260706226489&amp;lan=en-US&amp;anchor=Tri+Pointe+Homes%2C+Inc.&amp;index=1&amp;md5=e72a5332db2b443250a4481e66aad8d1" shape="rect">Tri Pointe Homes, Inc.</a>, one of the nation’s largest homebuilders, has unveiled <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.tripointehomes.com%2Fut%2Fsalt-lake-city%2Fcanyon-park&amp;esheet=54564411&amp;newsitemid=20260706226489&amp;lan=en-US&amp;anchor=Canyon+Park&amp;index=2&amp;md5=c1c8bf5891eff02aac8a2458541e8987" shape="rect">Canyon Park</a>, a new residential community built on a portion of the former site of the WordPerfect headquarters in Orem, Utah. The community turns 25 acres of the one-time campus into a neighborhood designed to meet growing housing demand along Utah&#39;s Wasatch Front.

</p><p xmlns="http://www.w3.org/1999/xhtml" id="news-body-cta">This press release features multimedia. View the full release here: <a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260706226489/en/" rel="nofollow">https://www.businesswire.com/news/home/20260706226489/en/</a></p><div xmlns="http://www.w3.org/1999/xhtml" id="bwbodyimg" style="width: 480px; float:left; padding-left:0px; padding-right:20px; padding-top:0px; padding-bottom:0px;"><img xmlns="http://www.w3.org/1999/xhtml" src="https://mms.businesswire.com/media/20260706226489/en/2844529/4/Tri_Pointe_Homes_Canyon_Park.jpg" alt="Tri Pointe Homes, Inc., one of the nation’s largest homebuilders, has unveiled Canyon Park, a new residential community built on a portion of the former site of the WordPerfect headquarters in Orem, Utah."></img><p xmlns="http://www.w3.org/1999/xhtml" style="font-size:85%;">Tri Pointe Homes, Inc., one of the nation’s largest homebuilders, has unveiled Canyon Park, a new residential community built on a portion of the former site of the WordPerfect headquarters in Orem, Utah.</p></div><p xmlns="http://www.w3.org/1999/xhtml">
The opening demonstrates an important strategy for addressing housing shortages in fast-growing metropolitan areas: redeveloping underutilized commercial properties to create much-needed housing.

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As Salt Lake City and surrounding communities continue to experience population and economic growth, housing inventory has struggled to keep pace. Canyon Park highlights how existing land can be reimagined to create new housing opportunities while leveraging infrastructure, transportation access, and community amenities.

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&#34;The housing challenges facing growing regions like Utah’s Wasatch Front require innovative solutions,&#34; said Tri Pointe Homes Utah Division’s Vice President of Land Acquisition and Development, Bryon Prince. "Canyon Park shows what is possible when builders look beyond traditional approaches and find opportunities to reimagine former commercial properties into places where people can live, work, and thrive.&#34;

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For decades, the site of Canyon Park was once part of the campus that housed WordPerfect, one of Utah&#39;s most influential technology companies and a cornerstone of the state&#39;s early technology industry.

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The transition reflects a broader national trend as cities and suburbs seek ways to increase housing supply without relying solely on outward expansion. Aging office campuses and other commercial sites whose original purposes no longer align with market demand are increasingly being viewed as opportunities to create much-needed housing in desirable, connected locations.

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With pressure on housing affordability, infrastructure, and available developable land, many industry experts view site repurposing and land use strategies as critical for creating sustainable growth.

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The new community is also an example of how homebuilders can prioritize sustainability. In order to maximize the life of the site’s existing infrastructure, Tri Pointe Homes created a civil design plan that included mobilizing equipment from neighboring states to break down asphalt, rebar, and other scrap materials for reuse or recycling.

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In total, the builder was able to divert 57,900 tons of material from landfills in developing Canyon Park, recycling or repurposing them instead. Material recycled included 560,511 square feet of asphalt. The community will also include 247 new trees, which will be planted over the course of construction.

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Located in Orem, Canyon Park provides residents with convenient access to employment centers, schools, shopping, recreation, and regional transportation corridors. The community is the largest residential development the city has seen in the last decade and is designed to contribute to the area&#39;s long-term housing needs.

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Tri Pointe Homes opened its Utah division in January 2024 and has an office in Salt Lake City’s Sugar House neighborhood. With the combination of an experienced Utah-based team, and the resources of a large national homebuilder, Tri Pointe is uniquely positioned to match the unmet needs of Utah homebuyers through extensive research and a high-touch, customer-driven design experience.

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Canyon Park is a community of approximately 79 homesites located at 534 E 1225 N, Orem. The community’s homes range from three- to seven-bedrooms. Some homes feature private courtyards, covered outdoor living, flexible office or gym spaces, and optional finished basements. Community amenities include a spacious park and easy access to nearby trails, parks, and shopping.

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For more information on Canyon Park, or to schedule a tour, visit <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.tripointehomes.com%2Fut%2Fsalt-lake-city%2Fcanyon-park&amp;esheet=54564411&amp;newsitemid=20260706226489&amp;lan=en-US&amp;anchor=https%3A%2F%2Fwww.tripointehomes.com%2Fut%2Fsalt-lake-city%2Fcanyon-park&amp;index=3&amp;md5=81c60a4b22ac5788eb5d8bbbff0b2b04" shape="rect">https://www.tripointehomes.com/ut/salt-lake-city/canyon-park</a>.

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<b xmlns="http://www.w3.org/1999/xhtml">About Tri Pointe Homes&#xAE;</b>

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One of the largest homebuilders in the U.S., Tri Pointe Homes, Inc. has a presence in 13 states and the District of Columbia, and is a recognized leader in customer experience, innovative design, and environmentally responsible business practices. The company builds premium homes and communities with deep ties to the communities it serves—some for as long as a century. Tri Pointe Homes combines the financial resources, technology platforms and proven leadership of a national organization with the regional insights, longstanding community connections and agility of empowered local teams. The company is one of the 2026 Fortune World’s Most Admired Companies, 2026 Fortune 100 Best Companies to Work For&#xAE;, and recognized as a PEOPLE Companies That Care&#xAE; (2023-2025) organization. The company was also named a Great Place To Work-Certified company for five years in a row and named on several Great Place To Work&#xAE; Best Workplaces lists. Tri Pointe has also won multiple Builder of the Year and Developer of the Year awards. <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.tripointehomes.com%2F&amp;esheet=54564411&amp;newsitemid=20260706226489&amp;lan=en-US&amp;anchor=TriPointeHomes.com&amp;index=4&amp;md5=121b516e8830ac84191f34285c343dd8" shape="rect">TriPointeHomes.com</a>.

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260706226489r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260706226489/en/" rel="nofollow">https://www.businesswire.com/news/home/20260706226489/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
Lisa Graham, Tri Pointe Homes
<br xmlns="http://www.w3.org/1999/xhtml"></br><a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:Lisa.graham@tripointehomes.com" shape="rect">Lisa.graham@tripointehomes.com</a>; 425-301-9082

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May Wildman, C+C for Tri Pointe Homes
<br xmlns="http://www.w3.org/1999/xhtml"></br><a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:Mwildman@cplusc.com" shape="rect">Mwildman@cplusc.com</a>; 702-301-8496

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Tri Pointe Homes Brings New Residential Community to Former WordPerfect Campus

Tri Pointe expands Utah footprint with Canyon Park redevelopment

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>&lt;p xmlns=&quot;http://www.w3.org/1999/xhtml&quot; class=&quot;bwalignc&quot;&gt;
&lt;i xmlns=&quot;http://www.w3.org/1999/xhtml&quot;&gt;Ne...</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Tri Pointe Homes unveiled Canyon Park, a 25-acre redevelopment of the former WordPerfect campus in Orem, Utah, creating 79 homesites to address Wasatch Front housing demand. The project highlights a broader push to repurpose aging commercial properties into residential use, leveraging existing infrastructure and sustainability practices. If successful, Canyon Park could catalyze more land-reuse projects and support regional growth.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Tri Pointe Homes unveils Canyon Park in Orem, Utah, a 25-acre redevelopment.</li><li>Redevelops WordPerfect site to meet Wasatch Front housing demand.</li><li>Canyon Park includes 79 homesites and sustainability focus.</li><li>Utah division opened January 2024; demonstrates local growth.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Tri Pointe Homes, Inc. (TPH)</strong>: Announces Canyon Park; expands Utah operations with 79 homesites on 25 acres.</li><li><strong>WordPerfect (historic campus) (N/A)</strong>: Former WordPerfect campus site redeveloped; illustrates land-use strategy.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>Category: Corporate Developments. Highlights strategic repurposing of underutilized land by a major homebuilder to address housing supply, aligning with industry-wide trends.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Utah housing demand strength supports near-term backlog potential.</li><li>Site repurposing trend aligns with TPH&#039;s growth strategy.</li><li>Sustainability measures may aid pricing and brand.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Canyon Park is a 25-acre community in Orem, UT.</li><li>79 homesites with 3- to 7-bed designs.</li><li>Located at 534 E 1225 N, Orem, UT.</li><li>Canyon Park diverting 57,900 tons of material from landfills.</li><li>Recycled 560,511 square feet of asphalt.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Canyon Park could lift TPH&#039;s Utah backlog and margins in 12–24 months.</p>
  </section>
</section>


<article>
  <h1>Tri Pointe Homes Brings New Residential Community to Former WordPerfect Campus</h1>

  <section>
    <p><strong>Tri Pointe Homes, Inc.</strong> (TPH), one of the nation’s largest homebuilders, has unveiled Canyon Park, a new residential community built on a portion of the former site of the WordPerfect headquarters in Orem, Utah. The community turns 25 acres of the one-time campus into a neighborhood designed to meet growing housing demand along Utah's Wasatch Front.</p>
    <p>This opening demonstrates an important strategy for addressing housing shortages in fast-growing metropolitan areas: redeveloping underutilized commercial properties to create much-needed housing.</p>
  </section>

  <section>
    <h2>Project Overview: Canyon Park in Orem, Utah</h2>
    <p>The community turns 25 acres of the one-time WordPerfect campus into a neighborhood designed to meet growing housing demand along Utah's Wasatch Front.</p>

    <figure>
      <img src="https://mms.businesswire.com/media/20260706226489/en/2844529/4/Tri_Pointe_Homes_Canyon_Park.jpg" alt="Tri Pointe Homes, Inc., one of the nation’s largest homebuilders, has unveiled Canyon Park, a new residential community built on a portion of the former site of the WordPerfect headquarters in Orem, Utah.">
      <figcaption>Tri Pointe Homes, Inc., one of the nation’s largest homebuilders, has unveiled Canyon Park, a new residential community built on a portion of the former site of the WordPerfect headquarters in Orem, Utah.</figcaption>
    </figure>

    <p>The opening demonstrates an important strategy for addressing housing shortages in fast-growing metropolitan areas: redeveloping underutilized commercial properties to create much-needed housing.</p>
  </section>

  <section>
    <h2>Context & Regional Impact</h2>
    <p>As Salt Lake City and surrounding communities continue to experience population and economic growth, housing inventory has struggled to keep pace. Canyon Park highlights how existing land can be reimagined to create new housing opportunities while leveraging infrastructure, transportation access, and community amenities.</p>
    <p>“The housing challenges facing growing regions like Utah’s Wasatch Front require innovative solutions,” said Tri Pointe Homes Utah Division’s Vice President of Land Acquisition and Development, Bryon Prince. "Canyon Park shows what is possible when builders look beyond traditional approaches and find opportunities to reimagine former commercial properties into places where people can live, work, and thrive."</p>
  </section>

  <section>
    <h2>Sustainability & Construction footprint</h2>
    <p>For decades, the site of Canyon Park was once part of the campus that housed WordPerfect, one of Utah's most influential technology companies and a cornerstone of the state's early technology industry.</p>
    <p>The transition reflects a broader national trend as cities and suburbs seek ways to increase housing supply without relying solely on outward expansion. Aging office campuses and other commercial sites whose original purposes no longer align with market demand are increasingly being viewed as opportunities to create much-needed housing in desirable, connected locations.</p>
    <p>With pressure on housing affordability, infrastructure, and available developable land, many industry experts view site repurposing and land use strategies as critical for creating sustainable growth.</p>

    <p>The new community is also an example of how homebuilders can prioritize sustainability. In order to maximize the life of the site’s existing infrastructure, Tri Pointe Homes created a civil design plan that included mobilizing equipment from neighboring states to break down asphalt, rebar, and other scrap materials for reuse or recycling.</p>
    <p>In total, the builder was able to divert <strong>57,900 tons</strong> of material from landfills in developing Canyon Park, recycling or repurposing them instead. Material recycled included <strong>560,511 square feet</strong> of asphalt. The community will also include <strong>247 new trees</strong>, which will be planted over the course of construction.</p>
  </section>

  <section>
    <h2>Community Details & Location</h2>
    <p>Located in Orem, Canyon Park provides residents with convenient access to employment centers, schools, shopping, recreation, and regional transportation corridors. The community is the largest residential development the city has seen in the last decade and is designed to contribute to the area's long-term housing needs.</p>
    <p>Canyon Park is a community of approximately <strong>79 homesites</strong> located at <strong>534 E 1225 N, Orem</strong>. The homes range from three- to seven-bedrooms. Some homes feature private courtyards, covered outdoor living, flexible office or gym spaces, and optional finished basements. Community amenities include a spacious park and easy access to nearby trails, parks, and shopping.</p>
  </section>

  <section>
    <h2>Utah Division & Local Presence</h2>
    <p>Tri Pointe Homes opened its Utah division in January 2024 and has an office in Salt Lake City’s Sugar House neighborhood. With the combination of an experienced Utah-based team, and the resources of a large national homebuilder, Tri Pointe is uniquely positioned to match the unmet needs of Utah homebuyers through extensive research and a high-touch, customer-driven design experience.</p>
  </section>

  <section>
    <h2>About Tri Pointe Homes</h2>
    <p>One of the largest homebuilders in the U.S., Tri Pointe Homes, Inc. has a presence in 13 states and the District of Columbia, and is a recognized leader in customer experience, innovative design, and environmentally responsible business practices. The company builds premium homes and communities with deep ties to the communities it serves—some for as long as a century. Tri Pointe Homes combines the financial resources, technology platforms and proven leadership of a national organization with the regional insights, longstanding community connections and agility of empowered local teams. The company is one of the 2026 Fortune World’s Most Admired Companies, 2026 Fortune 100 Best Companies to Work For&#xAE;, and recognized as a PEOPLE Companies That Care&#xAE; (2023-2025) organization. The company was also named a Great ...</p>
  </section>

  <section>
    <p>This press release features multimedia. View the full release here: <a href="https://www.businesswire.com/news/home/20260706226489/en/" rel="nofollow">https://www.businesswire.com/news/home/20260706226489/en/</a></p>
  </section>
</article>

Tri Pointe Homes unveiled Canyon Park, a 25-acre redevelopment of the former WordPerfect campus in Orem, Utah, creating 79 homesites to address Wasatch Front housing demand. The project highlights a broader push to repurpose aging commercial properties into residential use, leveraging existing infrastructure and sustainability practices. If successful, Canyon Park could catalyze more land-reuse projects and support regional growth.

Tri Pointe Homes Brings New Residential Community to Former WordPerfect Campus

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

Related News