Scottsdale developer taps homebuilders for its 1,500-acre community in San Tan Valley

(Disclosure: Rose Law Group represents Lennar and Meritage Homes.)

By Angela Gonzales | Phoenix Business Journal

Scottsdale-based El Dorado Holdings Inc. has closed on 525 finished lots for $57.8 million at its 1,500-acre Bella Vista Farms master-planned community in San Tan Valley.

Miami-based Lennar Corp. (NYSE: LEN), Incline Village, Nevada-based Tri Pointe Homes Inc. (NYSE: TPH) and Roswell, Georgia-based Ashton Woods are the three homebuilders selected to build homes in the second phase of Bella Vista Farms, said Chris Grogan, a partner with El Dorado Holdings.

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