Harvard Investments set to relaunch residential project in Maricopa

Image by Paul Brennan

(Disclosure: Rose Law Group represents Meritage Homes.)

Harvard Investments Inc. is relaunching a $150 million master-planned community project in the town of Maricopa, a 30-mile drive from Phoenix Sky Harbor International Airport.

The Scottsdale-based developer had teamed up with Meritage Homes Corp. (NYSE: MTH) in 2008 to buy 640 acres at auction. Originally, Scottsdale-based El Dorado Holdings Inc., the developer of the city of Maricopa, sold that land to a joint venture between Meritage and the now-defunct Hacienda Homes in the early 2000s.

Read the full subscription story by the Phoenix Business Journal.

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