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Housing

Home growth in Florence’s future as developers snatch up land

Over the past year, developers have been purchasing land in and around Florence, signaling that an influx of residential homes are coming.

And a recent purchase shows just how serious developers are about the area.

In January, Scottsdale-based El Dorado Holdings purchased about 4,150 acres of land in Florence for $82.7 million to develop master-planned communities. The land is divided into two non-contiguous locations that could add as many as 12,000 homes.

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