Top executives with Scottsdale-based land development company, El Dorado Holdings, addressed the Florence Town Council on March 6 to discuss plans for the more than 4,100 acres of land they purchased in Florence last year for $82.7 million.
El Dorado plans to develop master-planned communities with 12,000 homes that will also include industrial, commercial and retail components. The acreage is non-contiguous, with one parcel of land east of Parkside at Anthem at Merrill Ranch by Pulte Homes on the other side of the railroad tracks with a bit touching on Felix Road. The second parcel is located south of Felix Road and Hunt Highway.
