By Lesley Wright | The Arizona Republic
DMB Associates Inc. is preparing to roll out a new neighborhood in Surprise’s Marley Park, signaling another turning point in the housing recovery.
The new Marley Park neighborhood, combined with the resumption of work in Verrado, another DMB master-planned community in Buckeye, represents a return to work in the West Valley for the developer, which put a number of projects on hold in the wake of the housing crash more than five years ago.
A lot has changed since 2009, when real estate agents in the Marley Park community, known for its distinctive home designs, sold just six houses, and builders were coping with foreclosures. With the housing market recovering and West Valley cities shifting their focus to job creation, DMB hopes to capitalize on new, steady population growth and pent-up demand for houses.
That means the developer is resuming work on some projects that it shelved, revising some plans made after the housing boom went bust.
If you’d like to discuss real estate matters, contact RLG founder Jordan Rose, jrose@roselawgroup.com
