Blandford Homes, a prominent residential developer, won the bid for a prized 115-acre plot of state-owned land in Mesa, Arizona.
The company secured the land, located near Hawes and Warner roads, for nearly $38 million, as part of the expansive 1,200-acre Hawes Crossing community, AZCentral.com reported.
Blandford Homes intends to build 450 to 525 houses on the site, with model homes set to be unveiled in late 2025 or early 2026.
Blandford was the sole bidder for the property.
Jeff Blandford, the company’s founder and president, expressed confidence in the Phoenix housing market, citing strong job creation and an influx of people relocating to Arizona from other states.
“The fact there is limited land available in the East Valley and Mesa in general for residential building is a strong factor for this land acquisition,” he told the outlet.
The housing market in the Phoenix area has experienced an upturn this year, driven by a decline in the supply of existing…