By: Daniel Benson; Belfiore Real Estate Consulting
According to Ryan Huffman, Vice President of Land Acquisition and Development for Mattamy Homes, Mattamy closed on its second deal within the Tucson market on July 10, 2014. The deal consisted of 172 platted and engineered lots (106 – 60’x120’ / 66 – 70’x120’), located in the Dove Mountain Masterplanned Community in Marana. The seller will be developing the lots for Mattamy at a guaranteed price of $1,350 per finished front foot. Mattamy anticipates opening for sales at the community in the spring of 2015.
Mattamy closed on its first Tucson deal last month when it purchased a 48-acre raw site within the Rancho Vistoso Masterplanned Community in Oro Valley. That deal closed June 13, 2014 for $4,900,000 ($101,282 per acre). Mattamy will soon be preliminary platting the site for approximately 100 lots. Lot sizes are yet to be determined.
