Keystone Homes has withdrawn its request for rezoning 14.1 acres for a 158-unit leased residential community tentatively known as The Havenly Scenic and financing has been dropped for the development, the Apache Junction City Council was told recently.
“The applicant, Chris Hundelt of Keystone Homes, has noted that due to the financial situation — as has been rapidly changing over the past few months, but most notably as was determined by the applicant just within the last week or two given the new interest rates — they have reanalyzed their proposal and the financing behind it has withdrawn itself already,” Associate Planner Nicholas Leftwich said to the council at a Nov. 15 meeting. “They have made the determination that they will need to withdraw.”
Mayor Chip Wilson said he had been contacted by the developer.
“I got a telephone call from the developer explaining it to me as well today,” he said at the council meeting.
The council voted unanimously on Nov. 15 to accept the withdrawal of a rezoning request and other agenda items pertaining to the development.
Keystone Homes had proposed planned development rezoning of eight parcels to facilitate the development of a 158-unit single-family-style leased residential community. The property is near the southwest corner of East Superstition Boulevard and North Colt Road.
Three homes presently on the property will remain, Leftwich said.
“The conveyance of this property — the transaction of the sale — was contingent on the approval of this rezoning and as it has been withdrawn that sale will not be happening and so those homes will be staying,” he said.
The adjacent Havenly Superstition development on the southwest corner of Superstition Boulevard and Royal Palm Road is moving forward as was originally approved, Leftwich said.
“The financing for The Havenly Superstition is in place. They are still making progress; they broke ground formally just last week. So it will remain forward and continue progressing unimpeded by this change in events,” he said.
Richard Dyer Managing Editor | East Valley @RHDyer
Meet Richard Richard Dyer has worked at Independent Newsmedia Inc. USA since 1987, starting his career in Apache Junction as a copy editor and being promoted over the years to work as the editor of the Mesa Independent, news services editor for the East Valley office in Apache Junction, managing editor for the East Valley office, news services editor for the East Valley office and eventually also for the newspapers at INI’s then-Chandler office, managing editor again and as a news editor covering Apache Junction/Gold Canyon and Queen Creek. He helped start the Florence Independent while the news editor covering Apache Junction and Mesa news. In January 2023, he became associate managing editor for the East Valley newspapers and in August 2023 became managing editor for the East Valley newspapers of Chandler/Tempe, Gilbert, Queen Creek, Florence, Mesa and Apache Junction/Gold Canyon, while also reporting on Mesa and Apache Junction/Gold Canyon.
Community: Since 2009, he has worked as a volunteer to design The Blue Guitar Magazine, Blue Guitar Jr. magazine and Unstrung magazine, which are projects of The Arizona Consortium for the Arts; and since 2014, has been overseeing the art submissions.
Education: University of Arizona with a master of arts in journalism and a bachelor of science in agricultural communication. Also continuing education at Mesa Community College in welding in a metal art sculpture class.
Random fact: Saw his first tornado on May 31, 2010, which was classified as an EF-2, as part of a stormchasing tour group.
Hobbies: He is an artist of welded-steel sculptures, selling his artwork at juried and non-juried art shows.
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