2nd builder exits upscale 178-home project at former guest ranch in Marana
The planned Lazy K Bar Ranch development near Saguaro National Park West has hit its latest hurdle — a second prospective homebuilder pulled out.
Meritage Homes exited the Marana project, with economics appearing to be a factor. But Lazy K landowner Peter Evans said the owners are now negotiating with another builder, whom he didn’t name. Evans said he remains confident the 178-home project on 138 acres will proceed as planned, with upscale homes selling for up to $500,000.
Meritage, which had been negotiating with Lazy K’s landowners, “had it under contract for a short time” for a potential purchase, but hasn’t had a contract pending since September, said Lisa Hoskin, Meritage’s director of land acquisition. The two parties were in informal negotiations as long ago as April.
