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y Business Real Estate Weekly
(Editor’s note: Rose Law Group represtens Sunbelt Holdings.)
The first phase of the 398-acre Norterra mixed-use project in Phoenix is expected to have 300 to 400 residential lots and multi-family sites available to builders in 2016. The property, located at the northwest corner of 19th Avenue and Happy Valley Road, is part of a 578-acre tract being developed by USAA Real Estate Co. of San Antonio, Tex. Sunbelt Holdings Inc. in Scottsdale (John Graham, pres.) has been hired as master developer of the Norterra project and is expected to have more details on the mix of the single family lots and multi-family sites later this year. In all, there are a maximum of 2,200 dwelling units targeted for Norterra. Of those, 1,000 to 1,200 will be single family homes and 800 to 900 are planned as multi-family units.
