State Trust Land Up For Sale
Another chunk of Arizona state trust land is up for sale just East of North Scottsdale in an area currently known as Rio Verde Foothills (an equestrian neighborhood with wide open spaces and a more laid back lifestyle).
At least four major home builders are interested in developing a 2 square mile area of state trust land north of Fountain Hills.
The 1,312 acres of trust land will be auctioned off in June to the highest bidder. MCO Properties, SunCor Development, Pulte Homes and Toll Brothers Homes have all expressed interest in this land.
Condo Mania In South Scottsdale
Vanguard City Homes expects to start erecting steel next month on its 4.86-acre Safari Drive condo project east of Scottsdale Fashion Square.
The five-story, 206-unit condo project will breath life into the dormant Safari Hotel site and add another leg of pedestrian development along the Arizona Canal.