Last Big Development

An article in today's Arizona Daily Star, Foothills -
Last Big Development? breaks the news that A.F. Sterling is developing Paloma Ridge, a subdivision of 54 new homes on 13 acres in the Tucson Foothills. And adjacent to the new homes, the Scotia Group is developing a 10 acre office project.
As reported, the first phase of new homes are scheduled to be finished by the end of this year and the entire project completed by late 2009.
The article quotes me as saying, "There were no large parcels (left) that I knew of. Fifty-four units is very significant. That's big news."

In and of itself, it is significant to add 54 new homes - or about 11% at current inventory levels - to the 465 single family homes for sale in the Tucson Foothills. 
But at a time when the news is filled with stories of builders pulling back, canceling projects and selling off their assets, the real significance is the commitment to and vote of confidence in Tucson Foothills real estate by a savvy and well respected Tucson builder.