By Daniel Benson | Belfiore Real Estate Consulting
KB Homes closed on a platted and engineered lot deal yesterday in Mesa. The deal included 100 – 53’x56’ cluster 6-pack configured P&E lots. The deal (click here to view the affidavit) closed on February 5, 2015 for $3.7 million ($36,969 per lot). The community, Dahlia Pointe, is specifically located at the NEC of Power Road & Olney Avenue in Mesa (located in Belfiore’s Williams Gateway North Submarket).
The builder has already applied for site grading and dust permits and anticipates site development to begin within two weeks, according to KB. Development is expected to take 10 months with a model opening date slated for December 2015.