TUCSON, ARIZONA - The Star Valley master-planned community in Tucson's southwest submarket is picking up right where it left off in 2021. LGI Homes, Inc purchased 101 lots (40’X110’) in Block 1 that will serve as the initial purchase for the homebuilder.
Star Valley had a strong 2021 with over 350 lots sold to Lennar, Meritage and Richmond American all adding to their respective positions in the masterplan. Sales at Star Valley Destiny Collection (Lennar), Las Patrias at Star Valley (Meritage) and Seasons at Star Valley (Richmond American) have been extremely strong and have signaled a renewed strength to Tucson's southwest submarket. This activity has fueled the demand for additional lots to be purchased and developed.
The project was initially purchased by Michael Geddes and Rick Andreen of Scottsdale in 2019. Earlier in 2020, Geddes and Andreen partnered with Sunbelt Holdings to develop the remainder of the project. Sunbelt Holdings has emerged as one of the largest master-developers in the Tucson region, developing well-known projects as La Estancia, Red Rock Village, and Sycamore Canyon.
The transaction was handled by Will White and John Carroll of Land Advisors Organization in Tucson. Land Advisors has the marketing assignment for all lot sales at Star Valley.
For more information, White and Carroll can be reached at 520.514.7454.