Taylor Morrison/Arizona Inc. in Scottsdale (Brad Schoenberg, pres.) is developing a 148-lot sub division within the Victoria community located west of the northwest corner of Ellsworth and Ocotillo Roads in Queen Creek. The builder paid $5,604,169 ($170,029 per acre) to purchase the 32.96-acre site for the planned project. Victoria Lund Investment Group LLC in Chino Hills, Calif. (Robert Wilson, manager) was the seller. Ryan Willis and Dale Willis of Willis Property Co. in mesa brokered the cash transaction. Shannon Francoeur, Taylor Morrison v.p. of land, says the builder plans to construct homes on lots averaging 5,175 (45×115). Housing product to range from 1,600 sq. ft. to 2,800 sq. ft. The Subdivision, being called Victoria Heights, will have residences priced from the mid-$200,000’s. The planned subdivision, to be developed on the last remaining parcel within the Victoria community, will include plarks and open space. Taylor Morrison/Arizona Inc. is owned by a conglomerate, including Oaktree Capital Management L.P. in Newport Beach, Calif. Learn more from Francoeur at (480)344-7000. Talk to the principals of Willis Property Co. at (480) 507-6200.
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