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Loop 303 will open up the West Valley for a new generation of housing.
The highway connects Interstate 10 near Cotton Lane in the south to I-17 about 2 miles south of Carefree Highway in the north. Crews are finishing the southernmost interchange. “When the I-10/Loop 303 interchange is completed by this fall, drivers for the first time will be able to travel all the way from I-17 in north Phoenix to I-10 in Goodyear, a distance of 39 miles,” said Doug Nintzel, ADOT spokesman. Because of this, new areas of the West Valley are becoming even more desirable for homebuilders and homebuyers. “The completion will allow vastly improved access to the lush, high Sonoran Desert foothills of north Peoria,” said Andy Kist, associate broker with the Phoenix office of Keller Williams Professional Partners. An Arizonan since 1968, he lives in Peoria’s West Wing area. Because of the 303, developments under construction are already remaking the Northwest Valley. Kist says there is a shortage of lots in north Peoria, with developers briskly preparing Village II and Trilogy West at Vistancia as well as Rancho Cabrillo, Rancho Mercado and Coldwater Ranch, east of Vistancia, and Lake Pleasant Estates and Saddleback Heights, west of Vistancia. A retail center is in place at Lake Pleasant Parkway and Happy Valley Road, and Vistancia’s market center is platted. New developments include Camino á Lago, planned for approximately 3,500 units near Lake Pleasant Parkway and Deer Valley Road in Peoria. The development includes the communities of Desert Star, which is built out, Casa del Rey and Camino á Lago South, nearing completion, and the Meadows, under development. Liberty High School serves the area, Sunset Heights Elementary is opening this fall, and Meadows Elementary School in Camino á Lago South has recently been approved. Kist said the Meadows, planned for approximately 1,500 single-family residential units, is the largest project within Camino á Lago. Scottsdale’s Meritage Homes and another builder are pre-selling approximately 831 lots under contract with the Scottsdale-based developer, Communities Southwest. He said the Meadows will be developed in approximately four phases, generally south and southwest (surrounding Liberty High School) to the north and east (toward 91st Avenue and Pinnacle Peak Road).Another master-planned development, Rancho Cabrillo, will contain approximately 1,400 single-family detached and attached units at the northwestern corner of Dysart and Happy Valley roads. Saddleback Heights, developed by Tucson-based Diamond Ventures, will offer multiple villages and planned communities in northwest Peoria west of the El Mirage Road alignment, east of Sarival Avenue and the Cotton Lane alignments, south of the Arizona 74 (the Morristown-New River Highway) and north of the Carefree Highway alignment. The project is within the foothills of the Hieroglyphic Hills and surrounds Saddleback Mountain, Kist said, noting that many washes and unique topographic features characterize the site, making it particularly attractive to new-home buyers desiring mountain and desert views. Quintero, a high-end gated golf community that stalled during the downturn, is now selling well, and its Quintero Golf Course is rated very highly in golf circles, he said. Also in Peoria, the master-planned, approximately 2,100-unit Tierra Del Rio, adjacent to the Agua Fria River and surrounding Calderwood Butte, will contain single-family residential units, multifamily residential units and zoning for single-family attached residential units as well as 10 acres for commercial.
“All in all, the Loop 303 offers a great map for West Valley development,” Kist said.
Brown is a Valley-based freelancer (azwriter.com).
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Walter Unger CCIM, CCSS, CCLS
I am a successful Commercial Investment Real Estate Broker in Arizona now for 20 years and I worked with banks and their commercial REO properties for 3 years. I am also a commercial landspecialist in Phoenix and a Landspecialist in Arizona.
WHETHER YOU LEASE OR OWN
NOW IS THE TIME FOR YOU TO EXPAND, UPGRADE OR INVEST.
we are at on the a rise of the cycle in Commercial Real Estate. so there is only one way and it’s called we are going up and now is the time for you to expand, upgrade or invest in Commercial Properties in Phoenix. The prices on deals I may get you will not be around forever.
WAITING TO SELL YOUR LAND ? TIMES CHANGE / IT’S TIME
We barely could give land away the last few years, but times are changing. Even in those meager years, I sold more land across the state than most other brokers. Before the real estate crash I was a land specialist in Arizona with millions of dollars of transactions, but then I had to change and also sell other commercial investment properties, which was fun, but I am a Commercial Landspecialist in Arizonal, a Commercial Land Specialist in Phoenix and love to sell land, one acre to thousands of acres.
If you have any questions about Commercial Investment Properties in Phoenix or Commercial Investment Properties in Arizona, I will gladly sit down with you and share my expertise and my professional opinion in Commercial Properties in Phoenix or Commercial Properties in Arizona with you.Obviously I am also in this to make money, but it could be a win-win situation for all of us.
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Walter Unger CCIM
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