VIZZDA -- 12/5/2012 -- Alan Jones Vice President of Lennar Homes has closed on 69.25 acres of rough graded lots and 5 finished lots in phase II of the Rock Springs community in Peoria, Az for $13,992,402. A purchase agreement between the transacting parties was dated September 28th, 2012.
The seller was Courtland Homes who previously acquired approximately 120 acres (3/4 of the project) from California Portland Cement Co on May 23rd, 2003 for $2,364,283.45 with $25,000 down. The remaining 40 acres (northeastern 1/4 of the project) was acquired from Thomas Tait of TTI Investments on March 31st, 2004 for $3,022,852.50.
The property is located at the northwest corner of 75th Avenue and Jomax Rd. Phase two totals 158 acres, totaling 286 lots at 1.8 du/ac, and has 62% is designated as open space. The minimum measurements for lots is 50'x120' with 55% max lot coverage. There are three planned Rock Springs Communities in immediate vicinity of phase II.
BY:
Daniel Alpers
Director of Planning and Municipal Outreach
Vizzda.com
BY:
Daniel Alpers
Director of Planning and Municipal Outreach
Vizzda.com
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