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Tri Pointe Homes Debuts Model Homes at The Townes at NoVi in Chatham Park

1. Tri Pointe Homes unveils The Townes at NoVi in Chatham Park. 2. Community features 52 modern townhomes starting in the $400Ks range. 3. Homes include amenities like walking paths and YMCA access. 4. Local artist Luke Buchanan collaborates to enhance community and design. 5. Event to open model homes is scheduled for September 13, 2023.

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Why Bullish?

The unveiling of a new community signals growth potential for TPH. Historical context shows successful neighborhood projects typically lead to stock price increases.

How important is it?

New community developments can lead to increased sales and investor interest. The incorporation of local culture enhances marketability and sustainability.

Why Short Term?

The immediate buzz and sales from the Townes at NoVi can influence TPH's short-term performance. Historical launches often see an initial positive market response.

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Tri Pointe Homes Unveils Community Rooted in Connection and Local Culture, /PRNewswire/ -- The Raleigh Division of Tri Pointe Homes® is unveiling its newest neighborhood in Pittsboro's Chatham Park community, The Townes at NoVi, bringing forth a collection of modern townhomes and featuring local creativity. Located in the heart of Chatham Park's North Village, this community offers homebuyers an ideal mix of comfort, connection and luxury living. The Townes at NoVi includes a collection of 52 townhomes with prices starting in the $400Ks. The Townes at NoVi includes a collection of 52 townhomes with prices starting in the $400Ks. Residences span from approximately 1,724 to 1,836 square feet and include 3 bedrooms, 2.5 bathrooms and 2-bay rear load garages. Located in Chatham Park's North Village just north of Highway 64, the Townes at NoVi provides an ideal location adjacent to the Chatham Park YMCA for homeowners with an active lifestyle. In addition to the Great Lawn and walking paths incorporated into the Townes at NoVi community, homebuyers will also have access to the amenities throughout Chatham Park, including a 10-mile network of trails, a play space, water splash pad, sports field and dog park. This planned community was thoughtfully designed to foster connectivity and a balanced, well-rounded lifestyle. The Mosaic at Chatham hosts a wide variety of events and the community includes a UNC Medical Facility for added peace of mind. This marks the first time the Raleigh Division of Tri Pointe Homes has collaborated with a local artist to curate a model home, reflecting its commitment to fostering community connections and integrating local culture into its designs. Luke Buchanan is a painter, mixed media artist and designer living and working in Raleigh, North Carolina. Since graduating from N.C. State University's School of Architecture in 2002, Buchanan creates pieces featuring local architecture and cityscapes. Several of Buchanan's murals such as the Firescape Maze and Too Small to Fail can be found throughout the Raleigh community, and his original artwork will now be featured in the Wilson model home at The Townes at NoVi. "For this series of paintings, I focused on some of the smaller towns in central North Carolina. As our state changes and grows, I find the visual reminders of our culture even more important to my work," said Buchanan. "Partnering with Tri Pointe Homes to showcase these pieces in a model home gives me the opportunity to honor North Carolina's history and charm while celebrating the new communities that are contributing to our state's growth.""Model homes are more than a showcase of design, they're a homebuyer's introduction to the lifestyle and spirit of the neighborhood," said Tri Pointe Homes Raleigh Vice President of Community Experience James Flanagan. "By working with Luke Buchanan, we're adding a unique and creative touch to our models while reinforcing the belief that great communities are built with strong local roots."Tri Pointe Homes Raleigh is hosting a model home opening event at The Townes at NoVi on Saturday, Sept. 13 from 11 a.m. – 2 p.m. For more information, or to schedule a tour of the model homes featuring Buchanan's work, visit https://www.tripointehomes.com/nc/raleigh/the-townes-at-novi/.About Tri Pointe Homes® [Raleigh] One of the largest homebuilders in the U.S., Tri Pointe Homes, Inc. (NYSE: TPH) is a publicly traded company operating in 12 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. Tri Pointe has won multiple Builder of the Year awards and was named 2024 Developer of the Year. The company is one of the 2023 and 2025 Fortune 100 Best Companies to Work For® and was designated as one of the PEOPLE Companies That Care® in 2023, 2024 and 2025. The company was also named as a Great Place To Work-Certified™ company for five years in a row (2021 through 2025) and was named on several Great Place To Work® Best Workplaces list (2022 through 2025). Tri Pointe Homes is a recognized leader in the Raleigh real estate sector. For more information, please visit TriPointeHomes.com.SOURCE Tri Pointe Homes WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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