Vizzda Planning & Zoning Week In Review July 20 - 24, 2015

Here is a brief look at a three of the newest Planning and Zoning cases in Maricopa County for the week of July 20th - 24th:

Gallery: This project is an eighteen-unit town home project located northwest of the northwest corner of Scottsdale and Thomas Roads (7107 E Earll Drive in Scottsdale). The vacant 1.2 acre site currently owned by William Lund will be developed for eighteen detached three story town homes with first floor two car garages. The case, which will require a Minor General Plan Amendment and Rezoning, was submitted to the City of Scottsdale Planning Department on July 16th, 2015. It is currently in the review process, and no hearing dates have been set at this time.

Tegava Unit 2.1: Phase 2 of the 856.5 acre master planned community formerly known as Vista Verde was given approval by the Maricopa County Board of Supervisors on July 22nd. The Board of Supervisors approved the Final Plat for 168 single family residential lots on 57 acres. Shea Homes is the owner and developer of the property located on the northeast corner of 172nd Street and Rio Verde Drive.

Cornwell on Quail Ave: A rezoning case for the development of a 69,000 SF industrial flex project was submitted and is scheduled to be heard by the City of Phoenix Planning Commission when they reconvene on August 11th. The development will have five single-story buildings with suite sizes of 1,568 and 1,728 square feet. Cornwell Corporation is the owner and developer of the vacant 6.35 acre site located northwest of Cave Creek Road and State Route 101.

(Initial Renderings for Cornwall on Quail Ave)

For more information on these cases, visit us at our website or send us an email. We are happy to hear from you!



        

American Homes 4 Rent Acquires 60 Properties

California-based American Homes 4 Rent acquired sixty single family residential homes throughout Maricopa County for $7,181,000 from Connecticut based Ellington Housing Inc as part of a 900 property $126 million portfolio deal. Although the deal was completed on December 31, 2014 no affidavit of value was recorded with Maricopa County until July 23, 2015. American Homes put $74.4 million down and assumed the remaining $51.6 million in debt set to mature on July 1, 2019.  The deal expands American Homes footprint from six states to twenty two and brings their ownership number to over 31,000 single family homes.

For more information on this property, visit us at our website or send us an email. We're happy to hear from you!



        

Layton Lakes Parcels Final Platted for 344 New Single Family Residences

March 28th, 2014 -- Layton Lakes will soon see new development activity as Chandler City Council recently approved four new Final Subdivision Plats for the master planned community. Layton Lakes, which is primarily located in Gilbert, will soon be adding 344 new single-family lots to its Chandler portion just south of the southeast corner of Queen Creek and Gilbert Roads. The development areas include Parcels 22, 24, 26 and 28, and span nearly 130 acres. Each of the parcels received necessary land entitlements during 2012 and 2013, while the Final Plats were approved on March 27th 2014. In total, Layton lakes have seven residential subdivisions planned within Chandler city limits.

Final Plats for Leyton Lakes, Parcels 22, 24, 26 & 28

Each of the new neighborhoods will be developed with different typical lot sizes; ranging roughly from 50’x110’ to 125’x256’. Parcels 24 and 26 are to contain a more standard single-family lot size, with typical dimensions of 50’x110’ and 60’x110’. Parcels 22 and 28 will contain significantly larger lot sizes than the other parcels, with typical dimensions of 90’X140’ for Parcel 22 and 125’x256’ for Parcel 28. Housing plans were approved for Parcels 22, 24 and 26 in 2012 and 2013. Portions of Parcels 22 and 24 (43.19 acres) transacted on February 26th 2014 to Taylor Morrison for a combined total of $10,319,243, or $238,926 per acre. Sales comp reports for the transactions can be accessed by our subscribers at Vizzda.com.


By: 
Cody Weisel
Vizzda.com