By Daniel Alpers | Vizzda
Toll Brothers has purchased an 81-acre piece of raw land that is planned for a project named Atalon. The site is located just west of the northwest corner of 118th Street and Jomax Road in northeast Scottsdale. The sale price was $5m or $61,728 per gross acre.
Atalon Site Plan from Developer Review Case, Approved January 5th, 2013
Atalon is an 81-acre low-density residential project that was originally approved by the city of Scottsdale in 2004 as a seventeen-lot single-family subdivision. In 2011, rezoning and a new design for the site was approved–enabling a 33-lot subdivision having a density of 0.53 dwelling units per acre. Entitlements were due to expire January 1st, 2014, but an extension has been granted enabling the approved project through January 1st, 2015. The city still must approve the final plat for the site, among other necessary municipal prerequisites before permits can be issued for building.
