April 25, 2024 6:10 am
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2,500 homes planned at Wilmot, Interstate 10

Waterlines and hydrants are already installed between South Kolb and Wilmot roads. Sunbelt Holdings bought the 540-acre site for $17 million.
Waterlines and hydrants are already installed between South Kolb and Wilmot roads. Sunbelt Holdings bought the 540-acre site for $17 million.

By Gabriela Rico | Arizona Daily Star

One of the last large swaths of land within city limits has been purchased by developers who are developing a master-planned community on the southeast side of Tucson.

La Estancia, a 540-acre site with 664 lots near Wilmot Road, north of Interstate 10, was bought by Sunbelt Holdings of Scottsdale for $17 million.

“What appealed to us most was location,” said Sean Walters, Sunbelt’s chief operating officer. This project is the developers’ first venture into the Tucson market.

Plans for the site include single and multifamily homes with a mix of town homes and duplex models, Walters said.

(Disclosure: Sunbelt Holdings is represented by Rose Law Group.)

Continued: 

Related: March home sales report for Tucson: slow and steady progress

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.