Fulton Homes returning to fill in Glennwilde
After an eight-year hiatus, Fulton Homes is coming back to Maricopa.
Fulton plans to build 400 homes in the Glennwilde subdivision starting in 2017.
Dennis Webb, vice president of operations for the developer, said the new construction activity in the city and interest rates were important factors for the return.
“The pricing of homes has substantially improved,” he said.
Fulton Homes created Cobblestone Farms, where it constructed around 900 homes at the beginning of Maricopa’s establishment as a municipality. When the economy collapsed and the housing bubble burst, Fulton and most other developers left, at least temporarily.
