$135M Desert Ridge Land Purchase

The Phoenix Business Journal reports that Pulte and Toll Brothers paid $135 million for a 502-acre state land parcel located in the Desert Ridge master planned community. That works out to $268,924 per acre!

They plan to develop a high-end (luxury homes) community on the site, located near Deer Valley Road and 64th Street. They were the only bidders at the auction. This is the largest remaining parcel that the state will be auctioning off in Desert Ridge. More...

Look for Desert Ridge homes and condos in North Phoenix to explode in growth in the near future!