Homebuilders have had a unique opportunity to build at the resort after Maryland-based Host Hotels eliminated nine holes of the hole golf course to pave the way for more than homes. Local economists and analysts see the Ascent at The Phoenician as a positive addition to the area. Tina Tamboer , senior housing analyst for The Cromford Report, said this model of low-maintenance, lock-and-leave resort living has been successful at the Mountain Shadows Resort and Ritz Carlton project in Paradise Valley.
Please Sign In and use this article's on page print button to print this article. Crane Watch. Oct 30, Related Content. Horton acquired from the Arizona State Land Department.
That community figures to be completed in short order as D. Horton is spec building of the residences at Paradise Ridge. In addition to the residences D. Horton plans to construct at Arabella and Paradise Ridge, the builder has two other planned communities in the northeast Phoenix area targeted for another 1, homes. Horton controls a acre parcel located on the east side of the 5,acre Desert Ridge master-planned community in Phoenix that is approved by the City of Phoenix for up to single-family and multi-family residences in a community being called Talinn.
Horton is expected to sell a parcel within Talinn to its multi-family development division and some larger single-family lots to another home builder. In a fourth master-planned community D. Horton is developing in North Phoenix called Stone Butte formerly known as Hillstone , the builder intends to construct roughly residences on acres located about two miles north of the Loop at the north end of Cave Buttes Dam Road at Cave Creek Road.
Find out more from Patrick Brown , v. Horton, by calling Blake Davis , D. Horton manager of acquisition, is at Business Real Estate Weekly, Inc. Founded in , BREW is a weekly publication focusing on new residential and commercial developments, the sale of income-producing properties and businesses relocating or expanding in Arizona. For those looking to have cutting edge information at their fingertips, BREW is the publication business professionals use to get the latest in commercial and residential real estate news in Arizona.
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