Sunday, October 2, 2011

Fulton Homes to open 3 new subdivisions | Central Ohio New Home Builders

In the current housing-market slump, it is practically unthinkable for a Phoenix-area homebuilder to open three new subdivisions in three consecutive months, but that is exactly what Tempe-based Fulton Homes plans to do.

Fulton Homes Vice President of Operations Dennis Webb said the company will open three new subdivisions in Queen Creek and Chandler – one each month in October, November and December.

Webb said Fulton Homes decided to launch the new communities in rapid succession because the company is getting close to selling out of its popular Fulton Ranch master-planned community near Arizona Avenue and Ocotillo Road in Chandler, and because it happened to have three attractive properties available for development at the right price.

Two of the three subdivisions were planned by other homebuilders that were unable to continue the projects or lost the properties to foreclosure.

• Mendocino at Ashcreek is a 70-lot subdivision near Rittenhouse and Ocotillo roads in Queen Creek that was initially developed by a custom-home builder that ceased operations there after building just eight homes, Webb said. Fulton Homes plans to open in October, offering 3,000- to 4,000-square-foot homes on half-acre lots starting at about $310,000.

• Shoreline at Fulton Ranch will be the final Fulton Homes subdivision inside the massive, Chandler master-planned community, which is nearly sold out, Webb said. The 129-lot community is set to open in November and will feature homes between 2,500 and 3,800 square feet. The starting price has not been set.

• Monterey Bay at Victoria Estates is a 45-lot community near Hawes and Ocotillo roads in Queen Creek that was designed by another homebuilder, but no homes ever were built. It features half-acre lots and is scheduled to open in December. Homes will range between 3,000 and 4,000 square feet, Webb said.

by J. Craig Anderson The Arizona Republic Sept 26, 2011

Fulton Homes to open 3 new subdivisions | Central Ohio New Home Builders

Real Estate News

HootSuite - Social Media Dashboard