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 |
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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