(Disclosure: Rose Law Group represents Richmond American.)
By Real Estate Daily News
Richmond American (Michael Del Castillo, Division President) paid just over $10,200,000 ($143,62 per lot) for 71 finished lots known as Block H of the Sycamore Canyon master-planned community in Marana. The lots are 85’ X 120’ and are set in one of the highest points of the project backing up to substantial open space and will feature wide ranging views. Construction on the lots will begin immediately.
The lots were sold by the developer, SBH Sycamore Canyon LLC an affiliate of Sunbelt Holdings (Sean Walters, President). Sunbelt Holdings continues to substantially grow its lot delivery program in Tucson with multiple, large-scale projects around the Tucson metro area.
This phase of Sycamore Canyon is elevated above the balance of the master plan. Sycamore Canyon already consists of several diverse neighborhoods, each with a distinctive character of its own. At the heart is the Village Center. It offers areas for active recreation, walking, and public gatherings, and features higher-density residential housing.
