Scottsdale Developer plans to build more than 10,000 new homes in Apache Junction AZ

[Account Closed]

Well, maybe building is starting to pick up agan.

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The first of 5,000 new homes in Blossom Rock at Superstition Vistas will start selling next year on a swath of a 275-square-mile site expected to transform the southeast Valley.

Brookfield Residential, which bought 1,400 acres of the vast Arizona State Land parcel called Superstition Vistas, has lined up four other homebuilders for the start of its development.

The metro Phoenix homes, south of the Superstition mountains and freeway, will likely sell for $500,000 and higher. Exact prices are not expected to be set until next year.

Blossom Rock is going up next to Radiance at Superstition Vistas, which is being developed by homebuilder D.R. Horton on another 1,400 acres and will also have 5,000 new homes. The two builders partnered to buy 2,800 acres of state land for $245.5 million in 2020.

[Barry Ruby]

@Mike Hern

Hopefully the developers that build real homes have access to real wet water rather than water rights…I heard a short while ago that water was an issue in this market.