NEWS RELEASE
(Scottsdale, Arizona) – December 2, 2013 – Taylor Morrison is the first homebuilder to purchase lots in Eastmark’s second phase of residential development. Eastmark, DMB’s newest master planned community in Mesa, opened its first residential phase in June 2013 and has experienced strong traffic through the summer and fall. Eastmark’s second phase of residential home sites is located just north of the first phase and consists of 963 lots.
The Scottsdale-based homebuilder purchased 56 lots (80’ x 130’) for $6.2 million ($110,000 per lot). This purchase is in addition to Taylor Morrison’s earlier purchase of 103 lots in the first residential phase at Eastmark.
Homebuilder sales in Eastmark’s second residential phase are expected to begin in the third quarter of 2014. The second residential phase includes more than 12 neighborhood parks; and, the second phase of the Eastmark Great Park will be opening in late 2014. The second phase of the Eastmark Great Park will include an Event Pavilion along with the “Orange Monster” play structure.
“The recent announcements about Apple and Grand Canyon University coming to Eastmark have only elevated the excitement about the community. We’ve seen strong sales so far here and it’s an exciting time in the East Valley,” said Charlie Enochs the Phoenix Division President for Taylor Morrison.
“Seeing residents move into Eastmark and watching the community develop as we had envisioned is very rewarding. Our vision for this vibrant economic core is becoming a reality and this new phase is another important milestone,” said Dea McDonald, DMB Senior Vice President and Eastmark General Manager.
Apple’s team is already moving in to the facility at Eastmark to make investments in the space in preparation for their operations. Grand Canyon University is in the active planning stages for their new college campus at Eastmark, with plans to open in 2015.
This transaction was brokered through Nathan & Associates, Inc.
