Sunday, March 28, 2010

Pulte will start sales at Lone Mountain next month

Pulte will start sales at Lone Mountain next month

by Peter Corbett The Arizona Republic Mar. 26, 2010 12:15 PM

The other half of the Lone Mountain community will start sales next month.

Pulte Homes announced a grand opening of two model homes at Lone Mountain on April 10.

The homebuilder plans 390 homes on its half of the 600-acre community at 60th Street and Lone Mountain Road, two miles south of Carefree Highway.

"The location is so popular that we have more than 800 people on a priority list who have expressed early interest in Lone Mountain," said David Holt, Pulte marketing director.

Pulte will sell one- and two-story homes starting at $350,000 for 2,100 to 2,600 square feet.

All the home sites back up to washes or open space.

A 10-acre park is included in the gated Lone Mountain community.

Pulte, based in Bloomfield Hills., Mich., and Miami, Fla.-based Lennar are in a joint venture to develop Lone Mountain. Lennar's US Home division bought the property in 2000 from the Arizona State Land Department for $38.5 million, a record price at the time.

Lennar is building about 400 homes.

It started sales in February and has sold six of the 48 homes in its first phase. Lennar's homes are priced from $460,000 to $531,000 for 2,900 to 3,800 square feet.

Pulte is planning 200 homes in its first phase with the first residents moving in as early as September, according to company spokeswoman Jacque Petroulakis.

State land up for auction

The Arizona State Land Department is selling 4.72 acres of commercial property northeast of Frank Lloyd Wright Boulevard and Loop 101 at auction May 25.

The property, tucked along the freeway frontage road and the Central Arizona Project canal, had been operating as a plant nursery.

The state trust land was appraised at $2.15 million or $451,681 per acre.

It is just north of the Scottsdale Towne Center, which includes Target and Albertsons.

Valley 20th for green buildings

Metro Phoenix was ranked 20th among U.S. cities with the most energy-efficient buildings, according to the U.S. Environmental Protection Agency.

The Valley has 52 Energy Star-rated buildings, four in the Scottsdale-area:

• SkySong, 1475 N. Scottsdale Road.

• Gainey Center II, 8501 N. Scottsdale Road.

• Northsight Financial Office Park, 14500 N. Northsight Blvd.

• Corporate Center of Kierland, 14635 N. Kierland Blvd.

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