December 17, 2024 10:01 pm
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Developer snags Tucson land for MF project

By Karen Schutte | Real Estate Daily News

TUCSON, ARIZONA – Aerie Development affiliate, Aerie Northwest, paid $3.7 million for 12.7-acres at 2050 W Oracle Jaynes Station Road for its latest luxury multifamily project. Located at La Cholla and Oracle Jayne Station, the property is adjacent to The Fountains at La Cholla.

Aerie Development (Roger Karber, manager) took over an existing escrow between M3 Engineering and Technology and Rhodock Holdings (Allen Murdock, principal) to acquire the TR-Zoned property.

Karber estimated the site would be able to accommodate roughly 130-units after taking into account the hills and washes. Plans are to construct 2-story, 8-plexes, with 10 ft ceilings, and plenty of windows, balconies and oversized patios to take advantage of those views.

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