Languishing AZ community gets a lifeline

By Angela Gonzales | Phoenix Business Journal

Scottsdale-based Hunn Development Co. has bought the last 200 acres of a stagnant master-planned community in Prescott Valley with plans to add 1,100 homes within an hour’s drive north of the massive TSMC chip factory complex in Phoenix.

Paying $9.8 million for the land, Hunn Development will invest $100 million to complete the community, Duane Hunn, president of Hunn Development, told the Business Journal.

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