Rosewood Homes buys land for new north Scottsdale project
By Angela Gonzales | Phoenix Business Journal
Rosewood Homes has paid $5 million for nearly 20 acres in north Scottsdale with plans to add to its growing investment in the area, according to Kasten Long Commercial Group.
Plans call for a $17 million investment to build 14 luxury homes on the site north of the northeast corner of Lone Mountain Parkway and Stagecoach Pass Road, which is just south of the 8,000-acre Desert Mountain community that features six Jack Nicklaus championship regulation golf courses.
To be called Rosewood Summit Estates, the gated, mountainside community is adjacent to the Mirabel Golf Club, with lots ranging from three-quarters of an acre to more than an acre, said David Kitnick, president of Scottsdale-based Rosewood Homes.
