TUCSON, ARIZONA -- Meritage Homes, the U.S. sixth-largest public homebuilder, has closed on the purchase of 161 platted lots within the City of Tucson for $2.6 million ($15,887 per lot). Development of the community, named Valencia Crossing, has begun and Meritage will offer a series of energy-efficient new home designs in two phases. This community will feature floorplans from Meritage Homes’ LiVE.NOW. series and range from approximately 1,327- to 2,220- square-feet.
Valencia Crossing is being developed off Valencia Road providing access to I-10, Downtown Tucson and major employment centers. This new community is also within close proximity to the University of Arizona Science and Technology Park that includes IBM, Raytheon, Canon USA and Citigroup. Additionally, there is an 800,000-square-foot Amazon Distribution Center on Kolb Road, along with shopping, banking, entertainment, and casual dining nearby.
Valencia Crossing will include a community park with multi-use fields, playgrounds and picnic area. Located within the Sunnyside Unified School District, students living in Valencia Crossing can attend Craycroft Elementary School and Billy Lauffer Middle School, both located less than a mile from the community, and Desert View High School, which is a short drive away.
“At Valencia Crossing, residents will enjoy beautiful, single-family homes with a variety of design features, along with leading energy-efficient technology,” says Meritage Homes Tucson Division President Jeff Grobstein. “This coupled with the convenient location and ample community recreation space offers residents an optimal place to call home.”
With demand for new homes increasing among first-time buyers who want to escape escalating rents, Meritage offers a streamlined home-buying experience for first-time buyers by providing a one-stop-shop for sales and design at the community. With Meritage Homes’ LiVE.NOW. offerings, buyers can select quick move-in homes featuring the latest design trends. For first move-up homes, buyers can work with Meritage consultants to choose from several Design Collections to create their dream home.
The Planning Center coordinated and supported the annexation of this property into the City of Tucson. This included assisting in a Pre-annexation Development Agreement with the City. At the same time a Planned Area Development (PAD) rezoning was processed for the property. The property’s location at the intersection of Interstate 10 and Valencia Road positioned it for a mix of commercial, light industrial and high density residential uses. The PAD was written to exempt future large scale retail uses from the provisions of the City’s “Big Box Ordinance”. Approval of this rezoning also facilitated the completion of a critical section of the Loop Multi-purpose Trail system in this part of the community.
Valencia Crossing is one of 19 Meritage communities in the Tucson area.
The seller, Desert Parcel 510 Associates LLC was represented by Derrick Sinclair of Terramar Properties.
To learn more, see RED Comp #9119.