Entries Tagged 'Tucson Real Estate' ↓

Greetings everyone! Just wanted to let you know about an upcoming subdivision in the Tucson Real Estate market, Saguaro Springs.

Saguaro Springs is a 2,500 home project being developed jointly by KB Homes and Empire Companies and is nestled behind Rattlesnake Pass by the intersection of Silverbell Road and Twin Peaks Road in NW Tucson. It is slated to be built in the same manner as the existing Gladden Farms subdivision north of Tangerine Road with large greenbelts, walking paths and tree-lined boulevards. A neighborhood Community Center will include a fitness center, pool area, youth center and banquet facilities with meeting rooms for casual or formal events. There are currently 6 floorplans being offered ranging from 1,422 to 2,273 square feet. More info here from the KB website.

Responding to the quickly growing senior population in the Tucson real estate market, Saguaro Springs will also have a 600 home “‘age-restricted” section of homes in the NW corner of the development. Currently zoned R-6, which means 6,000 square-foot minimum lots, the “age-restricted” section may include smaller plots of land.

One of the main concerns with the current residents of Continental Ranch is the growing traffic headache. With only one freeway entrance readily accessible to most of the community (Cortaro Farms Road) the new additions of thousands of residents at Saguaro Springs will become a headache very quickly. The Town of Marana has already set money aside to improve Twin Peaks Road west of Continental Ranch. There has been talk of creating a new freeway entrance by extending Twin Peaks Road east to I-10 for several years but nothing has come of it yet. Hopefully they can figure something out soon!

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On a side note, to pay for the improvements spurred by Saguaro Springs and all the recent and upcoming growth in Marana the Town is looking at implementing a higher property tax rate to generate more income.

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I tried to include as much information in the included pictures as possible by showing where I took the pictures and in what direction, and also included a few panorama shots I assembled. Enjoy!

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EDIT: 5/16/2008:

I spoke with a KB Sales Rep at one of their other communities and asked about Saguaro Springs, and I was told the community is on hold “until further notice” because of the softened housing market. If you drive out there you can see the models are up, main street is paved, and the land is graded. We shall see when and if this development is ever brought back to life!

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Michael Krotchie - Realtor - Coldwell Banker Residential Brokerage, NRT LLC
Tucson Real Estate
520.404.4996 — Mobile
520.544.4545 — Office

Tucson Real Estate

Technorati Tags: Saguaro Springs, Marana

Tucson Real Estate - Growth Continues
by Michael Krotchie

Salutations everyone! Just a brief update on the continuing growth of Tucson real estate market in Pima County, in particular the Northwest side of town. The town of Marana, which covers approximately 120 square miles, has been experiencing rapid growth the past few years. With a soon-to-come Town Center consisting of a mix of commercial, residential, and corporate/public uses the town is anchoring a solid foundation of a market that is already attracting large developers eager to take advantage of the swelling population.

Tangerine Road Developments

One of the more exciting developments to come is the Westcor development, a 295-acre spread located at the I-10 and Tangerine Road interchange. This large commercial project is tentatively planned to include a regional mall, an automall, a theater and a hotel. How exciting! With a new grocery complex (Fry’s) starting construction in Gladden Farms later this year and a planned elementary school in the same area, Marana’s vision for growth is becoming a reality. And this is just west of I-10!

East of I-10 on Tangerine Road is the Dove Mountain community which is nestled at the foothills of Dove Mountain (where the 2007 PGA Accenture World Match Play Tournament was held in February of this year). There are talks from Ritz-Carlton to construct one of their largest resorts in the WORLD in Marana!

Twin Peaks Road Development

Approximately 10 miles south of Tangerine on I-10 the town of Marana is planning to finally begin construction on the new Twin Peaks Interchange. Slated for completion in 2009, this interchange will be anchored by a proposed $100 million, 1.3 million square-foot retail “power center” called the Marana Spectrum. This 170-acre site just east of I-10 is planned to have approximately 100 stores anchored by at least 3 stores of 100,000 square feet or more.

Trico-Marana Road Developments

There are also plans for a new I-10 interchange north of Trico-Marana road (a few miles north of the Marana Road Interchange). This interchange is being built by the developers of the Villages of Tortolita to facilitate access to their upcoming development. The Villages of Tortolita will consist of 6,500 homes and will include shops, parks, apartments and office space.

With all of the above planned developments beginning in the near future the Town of Marana is laying the foundation for a rock-solid commerical, residential and luxury community. Big-name developers are taking notice and are eager and willing to take part in the explosive growth that lays ahead. When the major I-10 renovations are completed from Prince to 29th Street (from my previous blog) Marana will be a major center of attraction for both residents and businesses alike.

Technorati Tags: Tucson Real Estate, Tucson growth, Gladden Farms, Twin Peaks interchange, Villages of Tortolita

For those of you who don’t live in Tucson and even for those of who do live here the construction situation with I-10 is nearly in full swing. The Arizona Department of Transportation (ADOT) recently began a nearly three year re-development of I-10 from the Ruthrauff exit to the 29th Street exit.

The current 3-lane freeway will be expanded to 4 lanes in each direction and the Prince Road interchange will also be modified to allow Prince Road to pass over the railroad tracks and I-10 (the interchange solution is still being debated and may be left as is). ADOT is claiming an 18 month timeline for the Ruthrauff - Prince construction with Prince Road being completely closed under I-10 for ~6 months.

The construction with the most immediate impact will be the stretch of I-10 between Prince and 29th Street. Beginning in June 2007 and continuing through the Spring of 2010 ALL freeway ramps will be closed between these two points with I-10 serving as a thoroughfare as ADOT implements a 4th lane in each direction. Two freeway lanes in each direction will remain open for the duration of construction and on the frontage roads a third lane will be open each way to accommodate the increased traffic. To be clear, anyone who wants to get off of the freeway between Prince and 29th Street will NOT be able to during construction.

Please advise clients (especially out-of-state) of the current construction situation; driving cross-town will definitely be more of a hassle with the increased surface street traffic. Driving on I-10 from the NW side to the SE side may be slower or faster; although they are closing down one lane on the freeway there will be no one merging onto or getting off the freeway.

For up-to-date information visit ADOT’s website.