Development Enters The Urban Core In Phoenix

The Phoenix Valley's expansion frenzy approaches the north Phoenix urban area as a builder acquires a parcel of state trust land.

1 minute read

September 26, 2003, 7:00 AM PDT

By Ambar Mukherjee

"Pulte Homes won a spirited bidding war for 88 acres of vacant land near Greenway Road and 19th Avenue, paying $17.4 million, or about $198,000 an acre, nearly double the appraised value. Pulte plans to build houses on the site. The sale leaves only a handful of centrally located parcels big enough for infill projects. Land Commissioner Mark Winkleman said he hopes to sell them by the middle of next year, shifting an even greater focus to the state's vast holdings around the Valley's edges."

Thanks to Ambar Mukherjee

Read the full story: Builder buys a big piece of state land

Thursday, September 25, 2003 in The Arizona Republic

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