Teravalis, formerly known as Douglas Ranch, has broken ground in one of the fastest growing cities in the United States – Buckeye, Arizona. Just like its name suggests, Teravalis is defined by the majestic peaks of the mountains to the east and west, but firmly grounded in and respectful of its desert setting.
Home to some of the most beautiful nature in the world, Teravalis will soon emerge adding to the continued westward growth of the Phoenix metroplex and become a thoughtfully designed and holistic place. Here visions of a connected future will honor the vitality and heritage of the High Sonoran Desert landscape in a community focused on being a leader in energy and environmental design.
To learn more about Teravalis, visit: https://www.teravalis.com/
Vermaland, a leading Phoenix-based land banking and development company, is developing Verma Vistas III, an 1100-acre master plan community located in Tonopah, Ariz. Properties of this size are very difficult to come by, so this makes the parcel the largest piece of privately owned land in the area.
Vermaland acquired this parcel due to its strategic location and is located at 427th Avenue and Narramore Road. Mountain ranges three miles south of the property offer spectacular views. Other properties in the area that are 100 acres or more have been developed into solar farms by large energy companies. A number of one-acre residential lots can also be found in the area. Unfinished one-acre lots are in high demand in this part of Tonopah, with the average selling price being $50,000 per acre.
Click this link for more details: https://azbigmedia.com/real-estate/residential-real-estate/vermaland-plans-to-develop-1100-acre-verma-vistas-iii-in-tonopah
To learn more about Vermaland, visit: https://vermaland.com
Harvard Investments, Toll Brothers, and Värde Partners announced today they formed a joint venture to acquire the remaining undeveloped land in Estrella, a mixed-use master-planned community located in Goodyear, Ariz. The acquisition includes more than 18,000 acres of entitled land. This purchase is one of the largest acquisitions of an active master-planned community in Arizona to date.
“We are excited to add Estrella to our portfolio of properties across the southwestern United States and to work with both Toll Brothers and Värde Partners to apply our collective knowledge to the future growth of Estrella,” said Tim Brislin, vice president of Harvard Investments. “Our intention for Estrella is to build on its foundation of excellent planning and its reputation as a best-in-class master-planned community.”
Click this link for more details: https://azbigmedia.com/real-estate/big-deals/18000-acres-in-estrella-master-planned-community-sold-for-212-5m
To learn more about Estrella, visit: https://www.estrella.com
The billionaire purchased 24,000 acres outside of Buckeye in Arizona and an additional 2,800 acres in Buckeye.
A few years ago, Bill Gates has announced plans to build a smart city outside of Buckeye in Arizona. Through his subsidiary Mt. Lemmon Holdings, the billionaire spent $80 million to purchase more than 24,000 acres of land with plans to build a smart city, which will include housing, schools, offices and retail. Since the purchase, there has been limited information on the development of the project.
Click this link for more details: https://www.globest.com/2020/03/05/an-update-on-bill-gates-new-smart-city-in-arizona/?slreturn=20211004155246