Disclosure: Rose Law Group represents Mattamy
Mattamy Homes, North America’s largest privately-owned homebuilder, announced that it has secured a significant property in the West Valley that will enable the company to expand its presence in this key Phoenix submarket while providing homebuyers with a variety of new product alternatives.
The acquisition is the first of a two-phase deal for a 142-acre piece of property that will comprise 333 new homes across multiple product sizes, including 45′-wide, 55′-wide and 60′-wide single-family homes. Mattamy purchased the first 69 acres from J&A Camelback Property, LLC for $5.8 million, which will include about 180 homesites, with expectations to purchase the second phase in the near future, adding 73 acres and another 153 homesites to the community. Mattamy closed the initial deal on October 3, 2019. Located at the northeast corner of Perryville Road and Camelback Road, part of the original Russell Ranch development, the new Mattamy community will be named Azure Canyon.
“We’re excited to further expand our footprint in the West Valley with a significant community in a vibrant and highly desirable location,” says Harry Lourimore, President of Mattamy’s Phoenix Division. “Azure Canyon is going to meet the evolving needs of local homebuyers, including home affordability, through a large and diverse selection of home designs with flexible and unique options.”