Home News 5,261 acres in Saddleback Heights in Peoria sell for $107M

5,261 acres in Saddleback Heights in Peoria sell for $107M

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Castle Hill PartnersPurchased a 5,261 acre Master Plan community project known as Saddleback Heights, an Austin-based community developer. The parcel is the largest remaining undeveloped master planning community project site in Peoria, Arizona.According to, the selling price was $ 106,582,887 Vizda..

Saddleback Heights was originally planned in the 1990s. Castle Hill Partners will start developing the site soon. This purchase marks the developer’s first master-planned community development in Arizona. Land Advisors Organization experts Greg Vogel, Ryan Semro, Bret Rinehart, Mike Schwab and Wes Campbell represented Vandon Partners, LLC, a partnership between Diamond Ventures and VTLand Group, the seller of transactions.

Read again: Arizona Rankings: Top 10 Master Plan Communities in 2021

John McKinnerney, Principal of Castle Hill Partners, said: “We are excited to embark on a development journey in the city of Peoria and create a lineup of high quality builders that will enable future residents to offer a variety of new home options and desirable community amenities. . “

David Goldstein, President of Diamond Ventures, President of Vandon Partners, and Chris Haines, President of VTLand Group, have expressed their support for the new community developers. “

Surrounded by the natural Sonora Desert hills of the Northwest Valley, Saddleback Heights offers panoramic mountain views, stunning schools, parks, trails, important open spaces and just a few steps to the popular Pleasant Lake recreation area. It’s a few minutes. Located on the verge of growth along Highway 74, this development is adjacent to the popular Vistancia community and is a $ 12 billion computer chip manufacturing plant on the TSMC, which is scheduled to open in 2024. Only 15 minutes from.

“Saddleback Heights is one of the last remaining development opportunities of its scale at Phoenix MSA,” said Greg Vogel, CEO of the Land Advisors Organization. “Castle Hill’s development expertise and ability to carry out projects of this size certainly ensure its success and offer the coveted new housing options to meet West Valley’s growing employment base. . “

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