April 26, 2024 3:09 pm
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Raintree Investment, Richmond American Homes rolling out new Avondale development

(Disclosure: Rose Law Group represents Raintree Investment Corp. and Richmond American Homes on this deal.)

By Mike Sunnucks | Rose Law Group Reporter

Phoenix-based Raintree Investment Corp. is developing a 435-lot new residential development in Avondale at Buckeye Road and 107th Avenue.

The Avondale development is called Vista del Verde.

Chris Janson, executive vice president for Raintree, said, said the first 140-lot phase has been completed with Richmond American Homes constructing model homes.

“Avondale is quickly becoming an infill submarket in the West Valley with a number of quality homebuilders and developers opening up new stores. We were fortunate to partner with Richmond American Homes in the first phase of this project given their strong history in this part of town,” Janson said.

Raintree bought the land coming out of the Great Recession. The four-phase development includes a K-8 school site and 7-acre community park.

Janson said Raintree is looking or additional land and development opportunities in the West Valley.

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.