Mortgage And Real Estate News

Saturday, May 4, 2013

Land purchase may jump-start Buckeye development

A private foundation and a Scottsdale developer spent nearly $10 million to purchase 630 acres to expand a stalled master-planned community in Buckeye.

Jeff Garrett of Garrett Development said he expects the land to be developed in as soon as two years. It is on both sides of Arizona 85 south of Interstate 10. The highway bisects the second and third phases of Westpark, where building halted during the economic downtown.

Read more: Land purchase may jump-start Buckeye development

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