A California homebuilder is targeting a West Valley city with plans to build 662 entry-level and move-up homes. / William Lyon Homes / Phoenix Business Journal
Disclosure: Rose Law Group represents William Lyon Homes
By Angela Gonzales | Phoenix Business Journal
William Lyon Homes will begin its first Avondale subdivision after the Newport Beach, California-based homebuilder closed earlier this month on 137 acres in the West Valley city.
The homebuilder paid $12.25 million to an entity tracing to Angelo Gordon & Co. and Ridgewood Real Estate Partners for land at the southwest corner of Indian School Road and 99th Avenue, according to Vizzda LLC, a real estate database.
The deal closed Jan. 14 after being in escrow for two years as William Lyon Homes worked its way through a rezoning case with some “crazy turns,” Troy Wahlberg, vice president of acquisitions and development for William Lyon, told the Business Journal.
Avondale’s general plan requires more density in that area, he said.
