LGI Homes Expands Presence Near Buffalo with New Minneapolis-Area Community
LGI Homes (NASDAQ:LGIH) announces the opening of Northridge, a new residential community in Montrose, Minnesota, west of Minneapolis. The development will feature 27 single-family homes starting in the mid-$300s, offering floor plans ranging from 1,157 to 2,317 square feet with 3-4 bedrooms and 2-2.5 bathrooms. Each home includes LGI's CompleteHome™ upgrades package and attached 2-3 car garages.
Located 1.5 miles from US-12W in Wright County, Northridge provides easy access to Buffalo and Twin Cities metro areas. The community features Northridge Park with walking trails, playground, and ice rink. This expansion follows LGI's successful Summerfield project in Waverly, where only 11 homes remain available.
LGI Homes (NASDAQ:LGIH) annuncia l'apertura di Northridge, una nuova comunità residenziale a Montrose, Minnesota, a ovest di Minneapolis. Il progetto prevede 27 case unifamiliari a partire da circa 300.000 dollari, con planimetrie che variano da 1.157 a 2.317 piedi quadrati, con 3-4 camere da letto e 2-2,5 bagni. Ogni abitazione include il pacchetto di aggiornamenti CompleteHome™ di LGI e garage annessi da 2-3 posti auto.
Situato a 1,5 miglia da US-12W nella contea di Wright, Northridge offre un facile accesso a Buffalo e all'area metropolitana delle Twin Cities. La comunità dispone del parco Northridge con sentieri pedonali, area giochi e pista di pattinaggio sul ghiaccio. Questa espansione segue il successo del progetto Summerfield di LGI a Waverly, dove sono rimaste disponibili solo 11 case.
LGI Homes (NASDAQ:LGIH) anuncia la apertura de Northridge, una nueva comunidad residencial en Montrose, Minnesota, al oeste de Minneapolis. El desarrollo contará con 27 casas unifamiliares desde los 300 mil dólares medios, ofreciendo planos de entre 1,157 y 2,317 pies cuadrados con 3-4 dormitorios y 2-2.5 baños. Cada casa incluye el paquete de mejoras CompleteHome™ de LGI y garajes adjuntos para 2-3 autos.
Ubicado a 1.5 millas de la US-12W en el condado de Wright, Northridge proporciona fácil acceso a Buffalo y al área metropolitana de las Twin Cities. La comunidad cuenta con el parque Northridge con senderos para caminar, área de juegos y pista de hielo. Esta expansión sigue al exitoso proyecto Summerfield de LGI en Waverly, donde solo quedan 11 casas disponibles.
LGI Homes (NASDAQ:LGIH)가 미네소타 주 몬트로즈에 위치한 새로운 주거 커뮤니티 노스리지(Northridge)의 오픈을 발표했습니다. 이 개발 프로젝트는 27채의 단독 주택으로 구성되며, 가격은 중간 30만 달러대부터 시작합니다. 평면도는 1,157에서 2,317평방피트까지 다양하며, 3-4개의 침실과 2-2.5개의 욕실을 갖추고 있습니다. 각 주택에는 LGI의 CompleteHome™ 업그레이드 패키지와 2-3대 차량용 연결 차고가 포함됩니다.
라이트 카운티의 US-12W에서 1.5마일 떨어진 곳에 위치한 노스리지는 버팔로와 트윈 시티 메트로 지역으로의 접근성이 뛰어납니다. 커뮤니티 내에는 산책로, 놀이터, 아이스 링크가 있는 노스리지 공원이 조성되어 있습니다. 이번 확장은 LGI의 성공적인 웨이버리의 서머필드 프로젝트에 이은 것으로, 현재 서머필드에는 11채의 주택만 남아있습니다.
LGI Homes (NASDAQ:LGIH) annonce l'ouverture de Northridge, une nouvelle communauté résidentielle à Montrose, Minnesota, à l'ouest de Minneapolis. Le développement comprendra 27 maisons individuelles à partir de milieu des 300 000 dollars, avec des plans allant de 1 157 à 2 317 pieds carrés, comprenant 3 à 4 chambres et 2 à 2,5 salles de bains. Chaque maison inclut le pack d'améliorations CompleteHome™ de LGI ainsi que des garages attenants pour 2 à 3 voitures.
Situé à 1,5 mile de la US-12W dans le comté de Wright, Northridge offre un accès facile à Buffalo et à la métropole des Twin Cities. La communauté dispose du parc Northridge avec sentiers de promenade, aire de jeux et patinoire. Cette extension fait suite au projet réussi Summerfield de LGI à Waverly, où il ne reste plus que 11 maisons disponibles.
LGI Homes (NASDAQ:LGIH) gibt die Eröffnung von Northridge bekannt, einer neuen Wohnsiedlung in Montrose, Minnesota, westlich von Minneapolis. Das Projekt umfasst 27 Einfamilienhäuser ab einem Preis von mittleren 300.000 Dollar, mit Grundrissen von 1.157 bis 2.317 Quadratfuß, ausgestattet mit 3-4 Schlafzimmern und 2-2,5 Badezimmern. Jedes Haus beinhaltet das CompleteHome™ Upgrade-Paket von LGI sowie angebaute Garagen für 2-3 Autos.
Nur 1,5 Meilen von der US-12W im Wright County entfernt, bietet Northridge eine bequeme Anbindung an Buffalo und die Metropolregion Twin Cities. Die Gemeinde verfügt über den Northridge Park mit Wanderwegen, einem Spielplatz und einer Eisbahn. Diese Erweiterung folgt auf das erfolgreiche Summerfield-Projekt von LGI in Waverly, wo nur noch 11 Häuser verfügbar sind.
- New development of 27 single-family homes expanding market presence
- Strategic location with access to major employers and Twin Cities metro
- Includes CompleteHome™ suite of built-in designer upgrades
- Demonstrates market success with nearly sold-out Summerfield project nearby
- None.
Insights
LGI Homes expands near Minneapolis with 27 new homes in Montrose, continuing their strategy of affordable housing in commuter-friendly markets.
LGI Homes' new Northridge community in Montrose represents a targeted expansion in the Minneapolis metro area. With only 27 single-family homes planned, this is a relatively small-scale project that follows their nearly-completed Summerfield development in nearby Waverly (which has only 11 homes remaining).
The strategic location 1.5 miles off US-12W positions these homes for commuters to both Buffalo and the Twin Cities, aligning with LGI's proven business model of developing affordable homes in suburban locations with good transportation access. Starting prices in the mid-$300s maintain their focus on the entry-level and first-time homebuyer market.
The homes range from 1,157 to 2,317 square feet with various configurations (3-4 bedrooms, 2-2.5 bathrooms) and attached garages, featuring their CompleteHome™ package of included upgrades—a key differentiator in their value proposition compared to competitors who often charge for similar features as add-ons.
This development reinforces LGI's gradual expansion strategy within existing markets rather than aggressive entry into numerous new markets simultaneously. By leveraging their success at the nearby Summerfield community, they're building on established operational infrastructure while maintaining their focus on smaller, manageable communities that can be completed relatively quickly, reducing carrying costs and improving capital efficiency.
This community size (27 homes) is notably smaller than many public homebuilder developments, suggesting a disciplined approach to land acquisition and development in the current market environment, where builders remain cautious about overextending in any single location.
MINNEAPOLIS, May 09, 2025 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ:LGIH) is proud to announce the opening of its newest community, Northridge, located in Montrose, Minnesota. Situated west of Minneapolis and minutes from Buffalo, Northridge offers a prime location for homebuyers seeking affordable, high-quality homes in a desirable, commuter-friendly setting.
LGI Homes will construct 27 single-family homes in Northridge, each thoughtfully designed to deliver comfort, style, and lasting value. This project marks a continuation of LGI’s homebuilding efforts in the area, following the company's success at Summerfield in nearby Waverly, where only 11 homes remain available for purchase.
“We are thrilled to begin sales at Northridge in Montrose,” said Johnathan Welch, Vice President Operations for LGI Homes. “This community exemplifies our commitment to delivering quality-built homes at an attainable price point. Montrose’s strong sense of community, excellent schools, and proximity to the Twin Cities make it the perfect location for our newest home offerings.”
Northridge is located just 1.5 miles off US-12W in Wright County and offers residents convenient access to major employers, schools, and recreational destinations in both Buffalo and the greater Twin Cities metro. The community also provides direct access to Northridge Park, a neighborhood amenity featuring walking trails, open green space, a children’s playground, an ice rink box, and ample parking.
Homebuyers will appreciate the proximity to more than 20 parks within a 10-mile radius, as well as shopping and dining options in nearby Buffalo. Additional area attractions such as Emagine Delano, Fountain Hill Winery, Wild Marsh Golf Club, and Huikko’s Bowling & Entertainment Center ensure there’s something for everyone to enjoy.
The meticulously constructed homes at Northridge include built-in designer upgrades as part of LGI’s CompleteHome™ suite of enhancements and feature sought-after characteristics such as spacious entertaining areas, private owner suites, game rooms, and beautiful exteriors. Northridge buyers may choose from four unique floor plans ranging in size from 1,157 to 2,317 square feet and offer three to four bedrooms, two to two-and-a-half bathrooms and attached two- to three-car garages.
With homes starting in the mid-
About LGI Homes, Inc.
Headquartered in The Woodlands, Texas, LGI Homes, Inc. is a pioneer in the homebuilding industry, successfully applying an innovative and systematic approach to the design, construction and sale of homes across 36 markets in 21 states. As one of America’s fastest growing companies, LGI Homes has closed over 75,000 homes since its founding in 2003 and has delivered profitable financial results every year. Nationally recognized for its quality construction and exceptional customer service, LGI Homes was named to Newsweek’s list of the World’s Most Trustworthy Companies. LGI Homes’ commitment to excellence extends to its more than 1,000 employees, earning the Company numerous workplace awards at the local, state and national level, including the Top Workplaces USA 2024 Award. For more information about LGI Homes and its unique operating model focused on making the dream of homeownership a reality for families across the nation, please visit the Company’s website at www.lgihomes.com
Media Contact:
Rachel Eaton
(281) 362-8998 ext. 2560
LGI Homes
Photo Details:
Photo Title: The Granite Plan by LGI Homes at Northridge
Photo Caption: The three-bedroom, two-bathroom Granite features a wonderful open-concept floor plan and an upstairs game room. A basement is available on select plans.
Copyright: LGI Homes, LLC.
Alt attribute text: Photo of the two-story Granite plan by LGI Homes in with gray siding and shake siding and white trim.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/997ddbcb-1045-40cb-8751-40424777257c
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