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Ahwatukee site bid yields $23M for Tempe Union

Posted by   /  August 9, 2017  /  No Comments

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Ahwatukee homes

By Paul Maryniak | Ahwatukee Foothills News

Tempe Union High School District is expecting a $23-million windfall and Ahwatukee residents could see a “new old-home neighborhood” after the district governing board approved the sale of a 63-acre site in the community.

The board last week unanimously approved the sale of the parcel on the southwest corner of Desert Foothills Parkway near Frye Road to Desert Vista 100, a subsidiary of Blandford Homes, a respected homebuilder in Arizona that touts higher-end luxury master-planned communities.

The sales price – roughly $367,000 per acre – exceeded the district’s expectations. Earlier this year, officials said it would like yield between $13 million and $19 million.

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