Circle Trail. Credit: EDIFICE Architecture/City of Apache Junction.
(Disclosure: Rose Law Group represents Brookfield Residential.)
By Roland Murphy | AZBEX
The prevailing wisdom was that new development proposals would start to trickle into Apache Junction once the massive Superstition Vistas master plan began moving from grand vision toward reality.
Early activity suggests the prevailing wisdom may have been a tad cautious. In the last several weeks no fewer than five major projects have been submitted to the little city that was, until recently, long considered a country cousin to the Valley’s burgeoning metro area.
As a reminder, Superstition Vistas is a master plan arising from a 2020 Arizona State Land Department auction of nearly 2,800 acres. The sale carried a stipulation that the auction winner had to entitle another 5,300 acres of adjacent Department land to ready the area for future development. Working in partnership, developers Brookfield Residential and D.R. Horton bought the 2,783-acre portion for $245.5M and agreed to undertake the 5,300-acre entitlement. They also agreed to work with Apache Junction to annex all 8,000-plus acres into the city.