Meritage Homes breaks ground on a 125-home development called Richards Farm near the intersection of 72nd Avenue and Indiana St. in Arvada. The developer Meritage Homes (NYSE: MTH) broke ground on the 125-home development in May and vertical construction is expected to begin in August, with the first homes available this fall. The 32 acre development is located across from APEX Recreation Center and prices for homes in Richards Farm will start in the $400,000 to $500,000 range.