May 4, 2024 10:56 pm
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2,500 homes planned at Wilmot, Interstate 10

Waterlines and hydrants are already installed between South Kolb and Wilmot roads. Sunbelt Holdings bought the 540-acre site for $17 million.
Waterlines and hydrants are already installed between South Kolb and Wilmot roads. Sunbelt Holdings bought the 540-acre site for $17 million.

By Gabriela Rico | Arizona Daily Star

One of the last large swaths of land within city limits has been purchased by developers who are developing a master-planned community on the southeast side of Tucson.

La Estancia, a 540-acre site with 664 lots near Wilmot Road, north of Interstate 10, was bought by Sunbelt Holdings of Scottsdale for $17 million.

“What appealed to us most was location,” said Sean Walters, Sunbelt’s chief operating officer. This project is the developers’ first venture into the Tucson market.

Plans for the site include single and multifamily homes with a mix of town homes and duplex models, Walters said.

(Disclosure: Sunbelt Holdings is represented by Rose Law Group.)

Continued: 

Related: March home sales report for Tucson: slow and steady progress

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