Disclosure: Rose Law Group represents Sunbelt Holdings at Red Rock
Real Estate Daily News
Sunbelt Holdings, a privately-held Scottsdale developer involved in some of metro Phoenix and Tucson’s largest master-planned communities, purchased the remaining balance of the 1,000-acre Red Rock Village community, located north of Marana along Interstate 10 at the Red Rock interchange.
When fully developed, Red Rock Village will consist of 3,500 homes and supporting commercial uses. The community currently has all major infrastructure in place, along with various existing community amenities, and is home to Red Rock Elementary School, a K-8 school that opened in 2009.
The acquisition of Red Rock Village represents the fourth major investment by Sunbelt Holdings in the Tucson metro area. Sunbelt is currently active in Tucson with its 565-acre La Estancia community. La Estancia is one of Tucson’s most successful master-planned communities, home to three of Tucson’s largest homebuilders – Meritage Homes, Richmond American Homes and Lennar Homes. In addition, Sunbelt is preparing entitlements for the sale and construction of lots within its’ 200-acre Sycamore Canyon and 525-acre Sendero Pass communities.