Tuesday, December 15, 2015

Lot Banking Partnership Formed for "Catania" Development in Glendale

Area Map

79 platted lots for the new housing development "Catania" sold to DW Partners Friday from homebuilders K Hovnanian Homes for just over $2 million. An option agreement for all 79 lots recorded with the sale, listing K Hovnanian as homebuilder. The agreement expires late 2018. K Hovnanian previously purchased the land just a month prior to this sale.

Catania is a planned residential development at the southeast corner of 87th and Glendale Avenues, with minimum lot dimensions of forty-seven by one hundred feet.

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