Credit: Fain Signature Group/Town of Prescott Valley
By AZBEX
The Prescott Valley Town Council has voted to approve annexation and zoning requests that will allow Fain Signature Group to develop its Lakeshore 650 master plan between Badger and Fain roads north and south of Lakeshore Drive.
The process includes a pre-annexation, annexation and zoning map change.
The planned area development is included in a master development plan that includes PADs for residential, single-family limited, residential and services, and commercial, general sales and services.
The first phase of development will not start for at least three years, officials say, because all the associated engineering has to take place before construction can begin. The overall development timeline for the entire project is estimated at 30 years.
Lakeshore 650 will include a variety of housing types, as well as retail, restaurant, medical spaces, office, storage and other businesses and services.
