Deal for 1,160 acres sees 3,600 homes in Hidden Valley
by Jay Taylor | inMaricopa
A Scottsdale land acquisition company has purchased 1,160 acres in Hidden Valley for $11.6 million and plans to sell it to one or more homebuilders for a master-planned community.
Emmerson Holdings acquired the land just southwest of Warren and Papago roads in a deal that closed on May 28 with Michigan-based Miedema Produce Inc. The parcel has been named Hidden Valley Ranch ahead of its development.
The Phoenix Business Journal first reported the deal.
According to Chase Emmerson, the manager of Hidden Valley Ranch Partners which bought the land and will sell it to homebuilders, his firm already has zoning approval from Pinal County for a Planned Area Development with up to 3,600 homes in a master-planned community. The community is bordered on both the north and south by Pinal County’s proposed Palo Verde Regional Park. The Thunderbird Farms community is just east of the property.
