Monday, October 15, 2012

Taylor Morrison Buys 351 Lots in Tierra Del Rio

Vizzda -- October 15, 2012 - Taylor Morrison purchased 351 lots from Pulte group within the Tierra Del Rio community in Peoria for $11,276,500, $476.51 per front foot or $32,127 per lot. A purchase agreement dated 6/20/2012 declared a portion of the sales price was deferred, and carried by the Pulte Group in a note that was recorded with the sale. 

The 351 lots in 4 parcels on 216.6 acres is part of the 2,102 lot, 994 acre community zoned with a PAD. Of the 351 lots, 141 lots measure 75' x 130', 154 lots 65' x 120', 56 lots 55'x120'. The community is east of the northeast corner of Loop-303 & Happy Valley Rd.

Daniel Alpers
Director Planning & Municipal Solutions

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