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Lennar and Richmond American Combine for $11+ Million in New Lot Purchases at Rocking K MPC

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  • Lennar and Richmond American Combine for $11+ Million in New Lot Purchases at Rocking K MPC
4th Quarter Sales,News
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November 6, 2020
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Karen Schutte
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TUCSON (VAIL) ARIZONA – Richmond American joins Pulte, KB Home and Lennar at the Rocking K master planned community. Lennar recently purchased an additional 113 platted lots for their Wildflower Estates neighborhood at Rocking K for $5,328,926 ($47,159 per lot) and Richmond American bought 140-lots platted lots for $5,967,500 ($42,625 per lot).  The lots are 65’ x 130’ and 55’ x 125’ respectively. The Seller in both transactions was Rocking K Development Co. (Diamond Ventures, Inc, David Goldstein, President)

“We are excited to be on schedule for our early 2021 opening,” said Priscilla Storm, Vice-President of Diamond Ventures, developer of Rocking K. “Builders have already submitted 32 different house plans to provide buyers with choices for every lifestyle and budget. And all of the builders are starting construction of their Rocking K models in the next 30-60 days. The construction of the Valencia Road connection is going to be a real game changer for easy access from Rocking K to all the eastside’s major employers and services. The park construction is also underway and it is exciting to see the ballfields and splash pad come out of the ground.”

Pulte, Lennar and KB Home closed on the first 558 lots approximately a year ago, a mixture of 40’ thru 60’ by 125’ and 130’ lots for an aggregate of $37.4 million. These latest transactions bring the total to 811 lots in the initial phase.

Low Desert Rincon

The development goal of the community is to connect neighborhoods to nature. The Rocking K Community is “Designed by Nature” to integrate neighborhoods with large natural open spaces and native landscapes with extensively landscaped streets and a network of connecting trails.

Will White and John Carroll of Land Advisors Organization – Tucson handled these transactions and continue to represent Diamond Ventures at the Rocking K community.

“Rocking K is a one-of-a-kind property and demand to be part of this master-planned community continues to grow” said White. “The Tucson metro land and housing market is extremely strong and being driven by huge demand in housing and a historic land and lot shortage.”

For more information, White and Carroll should be reached 520.514.7454.

 

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