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Del Webb Plans Smaller Retirement Communities Outside Sunbelt

PHOENIX-Fresh from a winning battle over control of the company, the executives in charge of retirement community developer Del Webb have some strategic changes in store for the 40-year-old company.

By D.J. Burrough | Updated on November 20, 2000

PHOENIX-Retirement giant Del Webb Corp. plans to make some changes to its strategic approach to homebuilding, says CEO LeRoy Hanneman.

Del Webb Corp., developer of Sun City retirement communities throughout the country, plans to build smaller retirement communities, expand more outside the Sunbelt, develop more infill projects and reduce its debt load by shrinking its workforce, Hanneman says.

The 40-year-old Phoenix-based home building company is starting an infill project in Chicago. The company already has a Sun City just outside the city, but plans to develop a community closer in. Traditionally, Del Webb has bought large tracts on the outskirts of cities and attracted retirees with golf clubs and lavish amenities.

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