By Jay Taylor | InMaricopa
Georgia-based homebuilder Ashton Woods has purchased about 150 acres of land directly south of the Ak-Chin Circle Entertainment Center for $17.7 million and will build approximately 600 homes on the site. The project, known as Amarillo Creek, was originally to be developed by Shea Homes, which sold to a Canadian investor in 2007 when property values plummeted during the Great Recession.
The parcel lies between Peters and Nall Road on the north, Papago Road on the south, Green Road on the east and Amarillo Valley Road on the west.
The lots have been partially improved, according to Ben Heglie, a land broker for Scottsdale-based Land Advisors Organization who was part of the team that represented the Canadian seller known as Zen Arizona.
