Just as temperatures start to reach the 100 degree mark, residential lots sales are heating up too. Tucson has experienced a 40% increase in residential building permits this year, and it seems home builders are bracing themselves for existing labor and lot shortages. There were 328-platted lots sold in the Northwest Tucson submarket since May 12^th with an aggregate sum of $9.1 million.

“We are definitely seeing the push into north Marana by the homebuilders. We are seeing land prices increasing due to strong demand and it is well documented that the “shovel ready” lots are in very short supply in this area,” said Will White of Land Adviors Organization in Tucson.

Mattamy Homes adds 192 Lots in Dove Mountain
Cottonwood Properties of Tucson (Bill Hallinan, manager) sold an additional 192 platted lots to Mattamy Homes in Dove Mountain, adjacent to Mattamy Homes’  current Golden Barrel development. Cottonwood will deliver 192 finished lots at an overall purchase price of $14.3 million ($74,479 per lot) and an initial recorded payment of $5.31 million ($27,648 per platted lot).

Will White and John Carrol with Land Advisors Organization of Tucson handled the transaction.

“Dove Mountain continues to see successes on many different levels. With the brisk sales pace of Mattamy’s current project at Dove Mountain, the demand for land and lots at Dove Mountain has never been stronger,” White said. “This is really a compliment to the master-plan community itself.”

White continued, “The golf, park and great walking trails continue to attract buyers looking for a move-up product in a quality community. It is a great balance of high-end amenities and a beautiful unmatched setting. There is a great synergy there right now that you can feel as you drive through.”

To learn more see RED Comp #3933.

Pulte Homes to Build in New Tangerine Ridge Community
Pulte Homes has purchased the first 78-homesites of 197 SFR lots at Tangerine Ridge, located east of Twin Peaks on Tangerine Road, for $2.88 million ($36,933 per platted lot) from Tangerine Estate Joint Venture (Robert Sharpe, manager).

Pulte will be responsible for finishing the infrastructure and purchased paper lots with entitlements only, along with an option for the remaining 119 lots at Tangerine Ridge.

Ted Herman with Sharpe & Associates handled the transaction.

“Lot sizes are 50’ and 65’ wide x 120’ at Tangerine Ridge, with average lot sizes of 7,460-square-feet,” said Herman. “The road improvement costs from Tangerine Ridge connecting to Twin Peaks is to be split with the Town of Marana per entitlements and specific plan. This will be a great new community and ease the demand for mid-range priced homes in the Northwest.”

To lear more see RED Comp #3920.

Richmond American Homes Returning to Gladden Farms
Richmond American Homes of Arizona purchased 58 homesites within Gladden Farms Block 22/24 for $928,000 ($16,000 per lot) and construction will begin immediately to prepare the land for new homes! This marks a return to the Gladden Farms master-planned community for Richmond American, who has previously constructed and sold over 440 new homes within Gladden Farms, most recently in 2015.

This will be the third new neighborhood at Gladden Farms to begin development since the beginning of this year! Block 22/24 of Gladden Farms is located along the north side of Tangerine Road, immediately east of the planned Gladden Farms Shopping Center. The overall Block consists of 29 acres and has been laid out for 118 new homes on lots which average over 7,100 square feet in size. The 58 lots now owned by Richmond American Homes represents one-half of the new neighborhood which is to be known as Homestead at Gladden Farms. Homestead will have its major entry directly from Tangerine Road, and the subdivision will feature a significant new interior park and the completion of the landscaping along its frontage on Tangerine Road. Pathways, sidewalks and streets within Block 22/24 will also interconnect to the overall Gladden Farms trail system as well as to the adjacent Greenfields neighborhood.

The timeframe to install the new utility lines, streets, trails and landscaping will likely last until early next year. Richmond American plans to begin construction on the model homes at Homestead as the land development activities near their completion. Richmond American Homes, based in Denver, CO, is a public company listed on the New York Stock Exchange and currently has homebuilding activities in nine states. The company has designed and built over 185,00 homes in its 44-year history, and has been a homebuilder throughout the Tucson metropolitan area for many years.

Will White and John Carroll with Land Advisors Organization of Tucson handled the transaction for buyer and seller.

White says, “Gladden Farms continues to see very strong demand for lots from homebuilders mainly due to the quality level of amenities and a strong increase in new home sales activity. We expect the momentum to continue throughout the year. It’s a great community!”

To learn more see RED Comp #3934.

Nathan and Deanna Sherman of Heart and Soul Kids Activity Center purchased the property located at 5741 N. Oracle Road, Tucson, Arizona, formerly Kandice Meinel’s Creative Dance Arts, a 6,000-square-feet facility in two buildings on a 34,894-square-fet lot. The property commanded a sale price of $703,205. ($117 PSF).

Deanna Sherman opened Heart and Soul, at its current 4,000-square-foot location at 8363 N Oracle Road in Oro Valley at age 23 just 2-1/2 years ago, 3-miles north on Oracle Road and has grown enrollment to over 600 beautiful children in that short period.

Heart and Soul provides a wide variety of children’s educational programs. Children learn and grow in a safe, encouraging environment of fine and performing arts, learning advancements, and physical activities. High importance is placed on setting and accomplishing goals, character building, self-esteem, and developing life-long values in a family environment. With an emphasis on small class sizes, teachers get to know the children personally and take great pride in the individual communication and personal touch achieved.

“We are busting at the seams in our current location and we feel honored to be inheriting a part of dance history,” said Deanna Sherman. “Kandice Meinel’s Creative Dance Arts operated for years from this studio and was one of the oldest running dance companies in Tucson.”

Sherman told us the new location will be converted into four studios, three for dance with state-of-the-art dance floors and the fourth converted for pre-school gymnastics. “Our current location will then be used for ‘gymnastics-only’,” said Sherman.

With the added space, a competitive dance program, called Heart and Soul Dance Project will also be added, a wholesome dance company whose desire is to stand out by talent. The elite, professional staff strives to nurture and grow not only the children’s talent, but their self-esteem, self-respect, and self-worth.

“Believing in the power of hard work, dedication, and commitment to perfecting our craft, we hope to inspire your children to do the same. We applaud true artistry and encourage positive self-expression. Our curriculum serves children as young as one-year olds through to adults,” Sherman said.

The Grand Opening of the new location is hoped to be by the end of July, with classes starting in August.

Frank Arrotta and Michael Gross of Tucson Realty & Trust Co. represented the seller and Scott Sherman of Sherman Properties, LLC, represented the buyer in the transaction.

For more information, Gross and Arrotta should be reached at 520.577.7000.

To learn more, see also RED Comp #3914.

D & D Ryder, Inc. (David Ryder, President) an affiliate of Prototron Circuits, Inc. and Prototron Southwest Circuits, purchased the industrial building it has been occupying at 3760 East 43rd Place in Tucson for $1 million ($58 PSF). The 17,175-square-foot building, built 1976, was sold by RCDK Realty I, LP (Raymond M Chavez, manager) and sits on slightly over an acre in Caylor Industrial Park.

Prototron Circuits, Inc. based in Redmond, Washigton, started operations in July of 1987 to serve the local electronics manufacturing community by providing a source for quick turn Printed Circuit Boards. Printed Circuit Board manufacturers typically were offering completion of orders within a 4 to 6 week time frame. Prototron Circuits made a commitment to offer much quicker and more flexible delivery schedules, typically 5-working days and as fast as 1-day. This commitment drew attention from the local electronics industry’s research and development departments as a service that operated as an extension of their business. This service has brought about a partnership with the industry that is relied upon to rapidly develop today’s newest technologies.

As a Printed Circuit Board Manufacturer, Prototron Circuits strives to make technological advances based on the demands and changing requirements of its customers and technology. These advances have included the manufacturing of multilayer printed circuit boards, up to 30 layers, minimum trace width’s of 0.003″, minimum drilled hole diameter of 0.006″, and optional plating finishes such as full body and immersion gold. In 1996, Prototron added a photo-plotting and CAM/Engineering department to further assist our customers with concurrent engineering via CAM software to ensure quality before a design is released for manufacturing.

In January of 1997, Prototron Circuits acquired Cir-Quick, Inc. of Kirkland, Washington making Prototron the largest prototype printed circuit board manufacturer in the Northwest with over 25,000-square-feet of manufacturing space.

In January 1999, Prototron Circuits acquired Southwest Circuits, Inc. of Tucson, AZ. The newest member of the Prototron family and started doing business as Prototron Circuits – Tucson. Prototron Circuits – Tucson is a MIL-SPEC shop offering our military and commercial customers fast-turn capabilities with experience in manufacturing Teflon, Duroid, PTFE and other specialty materials.

The company employs approximately 45 people at this location.

For more information, Ryder can be reached at 520.745.8515.

To learn more, see RED Comp #3873.