This from the April 30 edition of the Arizona Republic.
Developers appear reluctant to bid on two tracts of state trust land in the northeast Valley that are set for auction today. The tracts are the 112-acre Paradise Ridge site northwest of Scottsdale Road and Loop 101, and the 206-acre Desert Ridge Superblock southeast of Pinnacle Peak Road and Tatum Boulevard. "The show will go on, and we'll see how entertaining it ends up being," State Land Commissioner Mark Winkleman said. The auction is at 10 a.m. at the Arizona State Land Department, 1616 W. Adams St., Phoenix.
No bidders registered for the Paradise Ridge commercial site that Westcor wants for its Palisene shopping center and mixed-use project. Only two bidders signed up to bid for the residential land in Desert Ridge.
Shades of Arroyo Grande?
No comments:
Post a Comment