TUCSON, ARIZONA — Forestar (USA) Real Estate Group Inc. closed on 136 Acres on south Sorrell Lane and Calle Torim for $6,270,000 ($46,100 per acre). The land was purchased from Sorrell 139, LLC (Larry Fink, Gary Lane).

The property is an infill site that is well positioned in the southwest Tucson submarket with easy access to Interstate 19 and Tucson’s main, growing employment core. The site is also within minutes from major, large scale retail services and projects along Valencia Road as well as Interstate 19. The purchase comes at a time when entitled lots in Tucson’s southwest submarket continue to be extremely hard to identify and secure.

Forestar has been very active in Tucson during 2021 with several purchases throughout the metro area.

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

White commented, “This is another great position in a submarket where well-located plats are almost non-existent. Forestar has been extremely proactive in Tucson in locating strategic positions. With a market that is headed into 2022 with demand outstripping supply, being early has shown to be successful strategy.” 

White and Carroll should be reached in the Land Advisor Organization’s Tucson office, (520) 514-7454, for more information.

Highlights of 2,783-acre master-planned communities include 73 acres dedicated to outdoor and recreational space that include a 16-acre regional park, 30 neighborhood parks and 4 miles of hiking and exercise trails

APACHE JUNCTION, ARIZ. — On Tuesday, Brookfield Residential, alongside D.R Horton’s Phoenix East division and the City of Apache Junction, broke ground on the first phases of the East Valley’s newest communities at the Superstition Vistas. The Superstition Vistas are 275-square-miles of Arizona State Trust land located in north central Pinal County. This area is equal in size to Gilbert, Mesa, Chandler, and Tempe combined and is the largest contiguous parcel of land near a metropolitan area that is held in trust by the Arizona State Land Department.

Within the larger Superstition Vistas lies a 2,783-acre parcel where the first master-planned communities have broken ground. Located in the easternmost boundary of the Phoenix-Mesa metropolitan area, the communities sit just south of Elliot Road, bordered to the west by Meridian Road, east by Idaho Road and south by Ray Road. This location offers majestic northeastern views of the Superstition Mountains and southern views of the San Tan Mountain Range and is conveniently located near the US 60 and State Routes 202 and 24.

The first two master-planned communities of Superstition Vistas are being developed by Brookfield Residential, developer of the highly successful nearby Eastmark community and the West Valley’s Alamar community, and D.R. Horton, the largest volume builder in the United States since 2002. These communities are expected to open in 2023.

These two mixed-use projects will offer at least 40 acres of commercial use, over 20 acres for an elementary school site, 73 acres dedicated to outdoor and recreational space and 10 acres for a public safety facility, which may include a library, police and fire stations or other services. The two communities are planned to consist of approximately 10,500 residential units once completed. 1,825 first-phase home sites are expected to be available for sale to homebuilders in early 2022. These communities will be developed in multiple phases over a currently estimated ten years.

“This is a big milestone for Apache Junction and the Superstition Vistas area, and we are incredibly proud to kick-off the first communities in this project. We know this will be one of the East Valley’s new signature communities which reflects the strong relationship between Brookfield Residential, the City of Apache Junction, D.R. Horton’s Phoenix East division, and the Arizona State Land Department. Our communities will seamlessly tie Superstition Vistas generous green spaces and connect the corridors with the City’s sustainable communities’ initiatives,” said John Bradley, President for Brookfield Residential Arizona.

These two master-planned communities within Superstition Vistas will include a 16-acre regional park co-developed with the City of Apache Junction. The park is expected to serve as the central hub for the community and be one of Apache Junction’s most popular venues for outdoor events and gatherings. The regional park will also include a lake, ramadas, basketball courts, dog parks and be designed to bring Apache Junction residents together year-round.

The communities are expected to feature five additional large community parks ranging from 14 to 18 acres each with unique designs and diverse amenities to serve the communities’ diverse needs. Residents will also enjoy more than 30 spacious, one acre neighborhood parks. Unlike the parks that serve as retention basins, these level green spaces allow for many uses such as basketball half-courts, benches, ramadas and play equipment.

For outdoor enthusiasts, residents will enjoy approximately four miles of hiking and exercise trails, which offer convenient routes for walkers, joggers or bikers throughout the community neighborhoods, parks and beyond.

Lastly, there will be two commercial centers programmed to serve the communities’ needs.

“We are developing a system of parks, trails and open space to meet the recreational and health needs of Apache Junction residents and visitors. This is a future-forward community focused on family connectivity, health, and wellness with generous outdoor and open recreational spaces. The thoughtful, deliberate community planning will significantly raise the bar for master-planned communities in the Phoenix marketplace, and with its unique open space designs, it will pay homage to Apache Junction’s rural heritage, while incorporating future-forward theming and design to seamlessly blend into the surroundings and the natural beauty of the Superstition Mountains,” said Bradley.

“We thank all of our partners who have been working with us on the single biggest project in the City’s history,” Apache Junction City Manager Bryant Powell said. “It’s more than historic. It will change the face of our city and the region. We, the City of Apache Junction, are putting our unique stamp on the East Valley and beyond. It is our time. And I am so excited that Apache Junction’s time is now. We have been working so long and we can’t wait to see shovels in the ground today and rooftops soon.”

PHOTO CREDIT Arianna Grainey/City of Apache Junction.

VAIL, ARIZONA (TUCSON) – An affiliate of DMC Dermatology and Mohs (Indy Chabra, MD, PhD, FAAD) purchased a .88 acre pad at Houghton Town Center in Vail, Arizona for $525,000 ($13.75 PSF). Located at 10042 E Old Vail Road, property is directly west of Eegee’s in Houghton Town Center.

The buyer plans to construct a 9,000-square-foot building to occupy 4,000-square-feet and lease the remaining 5,000-square-feet for medical use. Groundbreaking is expected for Q1 2022.

Indy Chabra, MD, PhD, is a Board-certified Dermatologist and a Fellow of the American Society for Mohs Surgery, and a Fellow of the American Academy of Dermatology. He is a founding member of DMC Dermatology & Mohs whose mission is to provide the best Dermatology patient care possible – with excellence in access, quality, and integrity.

Prior to moving to 4715 E Camp Lowell Dr. in Tucson, Dr. Chabra practiced Dermatology for 9-years in Sioux City, Iowa, where he served patients in suburban and rural communities of Iowa, Nebraska and South Dakota. There are now six offices in metro Tucson.

Shannon Murphy with DVI Realty represented the seller, Houghton Developers, LLC and Michael Coretz with Commercial Real Estate Group of Tucson represented the buyer.

Coretz also has the leasing contract for the extra 5,000-square-feet.

For more information, Murphy can be reached at 520. 577.0200 and Coretz should be contacted at 520.299.3400.

To learn more, see RED Comp #9296.