HSL Adds Another Prime Parcel to Portfolio in Vail, Arizona

Encantada Riverside Crossing

HSL continues to grow its eastside holdings with addition of prime Houghton road parcel

TUCSON, Arizona – HSL Houghton Apartments, LLC, and affiliate of Tucson-based, HSL Properties (Omar Mireles, president) closed on a second site in the Vail submarket for $4.083 million from Mattamy Homes.

The approximate 17 acre site is located in Saguaro Trails Master Planned Community, a successful new community by Mattamy that opened last February to respond to the pent-up demand for housing in the area. The HSL Apartment site is on Houghton Road across from the well-known environmentally friendly community of Civano in southeast Tucson.

Will White and John Carroll of Land Advisors Organization handled the transaction

“It is an excellent parcel and location, no question about it. The Houghton corridor continues to see strong record demand for all types of residential uses,” said White. “The Vail area is seeing some of the best data in the Tucson market right now and we do not see this slowing down for many years. It has an excellent school district, growing list of retail and restaurant amenities, convenience to Tucson’s employment core, and strong aesthetics.”

HSL recently broke ground on the first luxury apartment community for Vail, Encantada at Rita Ranch at 9410 E Valencia Road is at the southeast corner of the Valencia and Nexus. With 312-units under construction, this new site on Houghton will be HSL’s second luxury community for Vail.

The Encantada at Rita Ranch, like other Encantada luxury apartments, will include a clubhouse with a fully equipped fitness room, rental room for parties or special gatherings, a movie theater room, and a swimming pool.

See related story here: https://realestatedaily-news.com/hsl-bringing-first-luxury-apartment-community-to-vail-submarket-in-tucson/

For more information, White and Carroll should be reached at 520-514-7454.