Price Land Development Group (Price) was recently recognized by the NAIOP New Mexico Chapter at its Awards of Excellence event on December 8 in the residential category for its master-planned community Aspire, a top performing neighborhood featuring landscaped parks, gardens, and social gathering areas with designs that complement the surrounding desert, which is located on 83 acres in Southwest Albuquerque.
Price partnered with national home builder D.R. Horton to develop 506 lots within this gated community. Aspire has consistently ranked as a top-performing community for starts and closings in the Albuquerque-Santa Fe-Rio Rancho market and is planned to be completed by February 2027.
The prestigious award demonstrates Price Land Development Group’s long-standing commitment to acquisition, entitlement and development of residential communities that appeal to New Mexico residents in all stages of life from young families to single adults.
A community built on strength
Aspire was recognized for being resilient to historical and economic challenges by successfully navigating significant obstacles, including the heartbreaking discovery of human remains on-site, as well as the economic impacts of the COVID-19 pandemic.
“This is a complex project with challenges unlike any other site due to its history,” said Garret Price, president of Price Land Development Group. “The opportunity for our dedicated team and partners to be recognized for collaborating with numerous stakeholders to create a new beginning for families that choose to call Aspire home is incredibly rewarding.”
A community that offers innovative financing and affordability
The award also attributed Aspire’s establishment of the first Public Improvement District (PID) in the Southwest Mesa, which was able to secure crucial funding to help manage rising infrastructure costs and maintain affordability. This creative financing solution enabled the development of high-quality amenities and below-market lot prices, making the project financially viable for both the developer and homebuilder, while still providing affordable options for homebuyers at a time the local market is in desperate need of housing solutions.
A community dedicated to thoughtful design
Another area that set Aspire apart was its high-quality amenities such as community gardens, a central park, and enhanced security features, which resonate well with residents, strengthen community culture, and reflect strong thoughtful community engagement and planning.
All three of these key areas contributed to Price Land Development Group ultimately being named the 2024 Award of Excellence winner in the residential category.
“We are overjoyed to be recognized by the NAIOP and receive this award and we commend our fellow nominees and colleagues in this category,” Price added. “It is truly an honor receive this award alongside them and the fine work they are doing to build up our home state,” Price added.
In addition to D.R. Horton, The City of Albuquerque and City Councilor Klarissa Peña many Price partners and subcontractors have contributed to the success of Aspire including Consensus Planning, Isaacson & Arfman, Inc., Salls Brothers Construction, Yellowstone Landscaping, Rodey Law Firm, Aspen Masonry, Elite Communications, and TriWest Fence. To learn more about how Price Land Development Group continues to preserve the beauty of New Mexico while contributing to healthy economic growth, visit pricedevgroup.com.
About Price Land Development Group
Price Land Development Group (Price) is a consultancy and development company specializing in acquisition, entitlement and development of residential communities and residential / mixed-use master plans in New Mexico. Led by President, Garret Price, the firm has significantly contributed to the state’s healthy economic growth through the thoughtful development of 834 acres of New Mexico land across projects such as Colibri, Aspire, Trails, Los Diamantes, Seasons at Monarch, Jemez Vista, High Range and more. These communities feature more than 70 acres of parks, open space and miles of trails. Since inception of the company, Price has entitled and developed 1,645 lots throughout the Albuquerque and Santa Fe MSA’s with more than 2,000 in the planning stages. Learn more at pricedevgroup.com.
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Price Land Development Group (Price) was recently recognized by the NAIOP New Mexico Chapter at its Awards of Excellence event on December 8 in the residential category for its master-planned community Aspire, a top performing neighborhood featuring landscaped parks, gardens, and social gathering areas with designs that complement the surrounding desert, which is located on 83 acres in Southwest Albuquerque.
Price partnered with national home builder D.R. Horton to develop 506 lots within this gated community. Aspire has consistently ranked as a top-performing community for starts and closings in the Albuquerque-Santa Fe-Rio Rancho market and is planned to be completed by February 2027.
The prestigious award demonstrates Price Land Development Group’s long-standing commitment to acquisition, entitlement and development of residential communities that appeal to New Mexico residents in all stages of life from young families to single adults.
A community built on strength
Aspire was recognized for being resilient to historical and economic challenges by successfully navigating significant obstacles, including the heartbreaking discovery of human remains on-site, as well as the economic impacts of the COVID-19 pandemic.
“This is a complex project with challenges unlike any other site due to its history,” said Garret Price, president of Price Land Development Group. “The opportunity for our dedicated team and partners to be recognized for collaborating with numerous stakeholders to create a new beginning for families that choose to call Aspire home is incredibly rewarding.”
A community that offers innovative financing and affordability
The award also attributed Aspire’s establishment of the first Public Improvement District (PID) in the Southwest Mesa, which was able to secure crucial funding to help manage rising infrastructure costs and maintain affordability. This creative financing solution enabled the development of high-quality amenities and below-market lot prices, making the project financially viable for both the developer and homebuilder, while still providing affordable options for homebuyers at a time the local market is in desperate need of housing solutions.
A community dedicated to thoughtful design
Another area that set Aspire apart was its high-quality amenities such as community gardens, a central park, and enhanced security features, which resonate well with residents, strengthen community culture, and reflect strong thoughtful community engagement and planning.
All three of these key areas contributed to Price Land Development Group ultimately being named the 2024 Award of Excellence winner in the residential category.
“We are overjoyed to be recognized by the NAIOP and receive this award and we commend our fellow nominees and colleagues in this category,” Price added. “It is truly an honor receive this award alongside them and the fine work they are doing to build up our home state,” Price added.
In addition to D.R. Horton, The City of Albuquerque and City Councilor Klarissa Peña many Price partners and subcontractors have contributed to the success of Aspire including Consensus Planning, Isaacson & Arfman, Inc., Salls Brothers Construction, Yellowstone Landscaping, Rodey Law Firm, Aspen Masonry, Elite Communications, and TriWest Fence. To learn more about how Price Land Development Group continues to preserve the beauty of New Mexico while contributing to healthy economic growth, visit pricedevgroup.com.
About Price Land Development Group
Price Land Development Group (Price) is a consultancy and development company specializing in acquisition, entitlement and development of residential communities and residential / mixed-use master plans in New Mexico. Led by President, Garret Price, the firm has significantly contributed to the state’s healthy economic growth through the thoughtful development of 834 acres of New Mexico land across projects such as Colibri, Aspire, Trails, Los Diamantes, Seasons at Monarch, Jemez Vista, High Range and more. These communities feature more than 70 acres of parks, open space and miles of trails. Since inception of the company, Price has entitled and developed 1,645 lots throughout the Albuquerque and Santa Fe MSA’s with more than 2,000 in the planning stages. Learn more at pricedevgroup.com.
