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Sevilla Villas Condominiums
Phoenix, Arizona
| (A Land Development) This 5.2 acre urban infill property was a joint venture between Vision/5 and P. Stark Builders. The land parcel was purchased for $1.4 million in early 2005 and rezoned for 66 condominium units. The project was sold to a Texas homebuilder in May of 2006 for $5,550,000. |
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Tempe Place Condominiums
Tempe, Arizona
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| (A Land Development) This 3.5 acre industrial property was purchased in the fall of 2004 for $840,000 and rezoned for 75 residential and 20 office condominium units. The platted property, zoning docs and construction drawings were included and sold to a Scottsdale investment group for $3.0 million in mid 2006. 118 registered condo buyers and deposits were included in the 2006 transaction. |
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