Wednesday, October 9, 2013

Toll Brothers Picks Up the Atalon Project in Northeast Scottsdale

VIZZDA – October 9th, 2013 --Toll Brothers has purchased an 81 acre piece of raw land that is planned for a project named Atalon. The site is located just west of the northwest corner of 118th Street and Jomax Road in northeast Scottsdale. The sale price was $5m or $61,728 per gross acre.

Atalon Site Plan from Developer Review Case, Approved January 5th, 2013
Atalon is an 81-acre low-density residential project that was originally approved by the city of Scottsdale in 2004 as a seventeen-lot single-family subdivision. In 2011, rezoning and a new design for the site was approved--enabling a 33-lot subdivision having a density of 0.53 dwelling units per acre. Entitlements were due to expire January 1st, 2014, but an extension has been granted enabling the approved project through January 1st, 2015. The city still must approve the final plat for the site, among other necessary municipal prerequisites before permits can be issued for building.

A significant detail of this project is the boulder outcroppings and two large ephemeral washes that run through the site, resulted in 19 acres being zoned as open space with environmentally sensitive lands. This leaves 62 of the 81 gross acres as developable, zoned R1-70. The density measurement is taken from the 62 acre site area. The 33-lot subdivision is to have minimum lot sizes of 52,500 square feet, having widths of 188 feet.


Brian and Sachada MacDonald of Bellevue, Washington were the sellers of the property, previously assembling the land between February 28th, 2003 and January 1st, 2005 for a total of $4,830,500. The MacDonalds' land interest in the area date back to 1981 when Brian purchased 80 acres as a quarter section.

Daniel Alpers
Vizzda.com

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