November 23, 2024 7:08 pm
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Cornerstone buys 8.24 acres in Glendale

By AZRE | AZ Big Media

Scottsdale-based Cornerstone Realty & Development bought 8.24 acres of land in Glendale for $2,690,186.40, according to the commercial real estate tracking website Vizzda. The cost of the land, located at the southeast corner of Glendale and 83rd avenues in Glendale, breaks down to $326,478.93 per acre.

The seller was Rightstart Subsidiary LLC.

The developer’s plans for the vacant land include a proposed 88-unit multi-family residential complex in 10 buildings. The unit mix is 32 one-bedroom units and 56 two-bedroom units.

The proposal also includes 82,000 square feet in one retail center and about 5,000 square feet of retail in one freestanding pad.

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.