(Disclosure: Rose Law Group represents Richmond American Homes.)
By Real Estate Daily News
TUCSON, ARIZONA (November 21, 2024)—Richmond American Homes (Michael Del Castillo, Division President, and Kevin McConnell, Land Acquisition Manager) acquired the last remaining parcel in the Rivers Edge PAD, in the heart of Oro Valley, that was approved in 1994. Richmond American paid $1,400,000 ($66,666 per lot) for 21 platted and engineered lots.
The lots are 55’ X 120’ with breathtaking views of Push Ridge and the Catalinas.
Melcor Development Arizona, Inc., was the seller. John Carroll and Will White of Land Advisors Organization in Tucson handled the transaction.
“Congratulations to Richmond American Homes on this closing,” Carroll said. “Finding platted and engineered lots in the heart of Oro Valley is a monumental challenge as the area continues to be a highly desirable location.”
