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Sunday, August 18, 2013

Third effort to develop former Rawhide land in Scottsdale is in the works

A third effort to develop a portion of the old Rawhide property in Scottsdale is in the works.

A proposal submitted to the city shows plans for a 218-townhome community called Via Bello at Silverstone. Silverstone is the name given by the developer to the entire 160-acre site formerly occupied by Rawhide.

Via Bello would take up almost 17 acres in the southwestern quadrant of the property, surrounding the Scottsdale Appaloosa Library.

According to documents accompanying the proposal, D.R. Horton, a homebuilder, owns the property. The previous owner, Villa Volterra Investments, defaulted on a loan and lost the property.

Larry Gabriele, a developer who put together Villa Volterra, tried with two separate projects to get something going on the site. He purchased the property in 2006 for $22.3 million. It was sold in a trustee’s sale last year.

If approved, the new project would be the fourth element approved on the site. Already open are the library and Vi at Silverstone, a senior living complex.

Read more...Third effort to develop former Rawhide land in Scottsdale is in the works

Reuters: Business News

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