Tucson Real Estate - Growth Continues

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.

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