Disclosure: Rose Law Group represents Fulton Homes
By Angela Gonzales | Phoenix Business Journal
Fulton Homes Corp. is developing two huge master-planned communities on opposite ends of the Valley, investing about $200 million to add 2,700 homes to metro Phoenix.
Last month, the Tempe-based homebuilder paid $32.2 million in cash for 500 acres of vacant land at the northeast corner of Signal Butte and Queen Creek roads in Queen Creek and plopped down another $11.5 million for 182 acres at the northeast corner of 163rd Avenue and Pinnacle Peak Road in Surprise, according to Vizzda, a real estate database.
Fulton has been assembling land to develop a new community in Surprise, called Escalante, paying $13 million for a 168-acre adjacent parcel this summer. The recent purchase brought its total ownership to 350 acres in that area near the White Tank Mountains in the West Valley.
