By John Yantis | The Arizona Republic
A private foundation and a Scottsdale developer spent nearly $10 million to purchase 630 acres to expand a stalled master-planned community in Buckeye.
Jeff Garrett of Garrett Development said he expects the land to be developed in as soon as two years. It is on both sides of Arizona 85 south of Interstate 10. The highway bisects the second and third phases of Westpark, where building halted during the economic downtown.
Garrett and the Kemper & Ethel Marley Foundation paid $9.8 million in two separate sales.
They paid $8.7 million to purchase 522 acres controlled by Lauren Hunt of California. Plans call for 1,472 single-family homes, 20 acres of apartments, 91 acres of commercial space and 30 acres for a park.
