Melcor Developments Arizona has some big ideas for the 196-acre property they just purchased in Buckeye, Arizona.
The currently undeveloped land north of Yuma Road and east of Perryville Road is already zoned for 578 single-family houses and will be known as La Privada. Melcor paid $10.186 million for the land located about an hour outside of Phoenix. They told Builder Online that they plan to evaluate the state of the market before deciding exactly how many residences they’ll build.
Clearly, they think things look favorable because the land just south and west of that community is already approved for 350 home lots among two communities, both owned by Melcor. The developer paid $6.51 million for the 120 acres that will make up Paseo Place I and Paseo Place II.
The immediate surrounding area is comprised mostly of farmland but there are various other planned communities within driving distance. Buckeye is also home to Sundance Towne Center, Buckeye Hills Recreation Area, and Goodyear Ballpark, spring training home of the Cleveland Indians and Cincinnati Reds.