May 2, 2024 8:49 pm
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Dirt moving for more condo towers at $1B Rocky Point project

Photo via MG Developments

By Angela Gonzales | Phoenix Business Journal

Arizonans are buying 90% of the condominiums being built at a $1 billion, 150-acre master-planned community near Puerto Peñasco, Mexico — and work has started on the next phase of the project.

Puerto Peñasco-based MG Developments has completed construction and sold out its first two 24-story condominium towers; the third tower tower is 95% sold out and is slated to deliver units by the end of the year.

Read the full subscription story from the Phoenix Business Journal.

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