Sunbelt Holdings sells 91 lots within Red Rock Village
AZRE
Scottsdale-based Sunbelt Holdings, who acquired the remaining 680 acres within the 1,000-acre Red Rock Village master-planned community located just north of Marana, Ariz. in 2018, announced the closing of the first 91 lots to Richmond American Homes. Sunbelt Holdings will begin development of the 50’ x 120’-sized lots in early 2020 in preparation for a Richmond American Homes’ model completion and grand opening late 2020.
Red Rock Village includes an expansive amenity offering for residents including a 14-acre community park featuring a private water park, lap pool, basketball court, baseball field, skate park, children’s play area, picnic and shade ramadas, hiking and biking trails, and open space. The community is also home to the K-8 Red Rock Elementary school. Additional neighborhood parks are planned for future growth areas within the community.
“We are extremely excited to have closed our first lots at Red Rock Village with Richmond American Homes,” said Bob Bambauer, Executive Vice President of Sunbelt Holdings. “When we purchased the community in 2018, we were attracted and impressed by the extensive amount of infrastructure that already existed within the community. We also looked at the emerging rise of Tucson home prices and believe we could offer a level of affordability at Red Rock Village that would complement the market. We have some exciting plans for Red Rock Village and as we launch into 2020, we look forward to the development of the next era of this community.”
