Scottsdale company to redevelop San Tan Valley golf course into housing
Posted 1/6/22
Walt Brown Jr, CEO and founder of Diversified Partners, has closed on the Links at Queen Creek Golf Course and plans to redevelop the entire course into multifamily and single-family housing at …
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Scottsdale company to redevelop San Tan Valley golf course into housing
Posted
Walt Brown Jr., CEO and founder of Diversified Partners, has closed on the Links at Queen Creek Golf Course for $16 million and plans to redevelop the entire course into multifamily and single-family housing at Ironwood and Ocotillo roads in San Tan Valley.
The back 48 acres have been sold to Tri Pointe (Maracay homes), where 172 single-family homes will be built, together with a gated entrance.
Total redevelopment upon completion will exceed $750 million. It includes Tri Pointe (single-family residential), garden style multifamily, high-density apartments and a build-to-rent single-family product for a total of 106 net acres. There are numerous amenities on the site, including a community park and private lake.
Construction will start in second- or third-quarter 2022.
“We are excited to be part of the solution for the high demand housing in the Valley,” Brown stated in a press release. “We are continuing to grow locally with both residential and commercial developments. The Phoenix-metropolitan area is on a fantastic growth trajectory in 2022 and beyond.”
Diversified Partners has numerous projects throughout the Valley, including:
En Fuego in Glendale — mixed use
Eastgate (Val Vista and Mercy) in Gilbert — mixed use
Ellsworth and Elliot Roads in Mesa — mixed use
Diversified Partners is an Arizona-based commercial real estate brokerage and development company.