Walt Brown Jr., CEO and founder of Diversified Partners, has closed on the Links at Queen Creek Golf Course for $16 million and plans to redevelop the entire course into multifamily and single-family housing at Ironwood and Ocotillo roads in San Tan Valley.
The back 48 acres have been sold to Tri Pointe (Maracay homes), where 172 single-family homes will be built, together with a gated entrance.
Total redevelopment upon completion will exceed $750 million. It includes Tri Pointe (single-family residential), garden style multifamily, high-density apartments and a build-to-rent single-family product for a total of 106 net acres. There are numerous amenities on the site, including a community park and private lake.
Construction will start in second- or third-quarter 2022.
“We are excited to be part of the solution for the high demand housing in the Valley,” Brown stated in a press release. “We are continuing to grow locally with both residential and commercial developments. The Phoenix-metropolitan area is on a fantastic growth trajectory in 2022 and beyond.”
Diversified Partners has numerous projects throughout the Valley, including:
Diversified Partners is an Arizona-based commercial real estate brokerage and development company.
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