Old Rawhide site keeps drawing developers

Old Rawhide Site Keeps Drawing Developers

Peter Corbett The Arizona Republic
Dec. 21, 2006

In a sign of confidence in the Northeast Valley housing market, a Scottsdale-based developer has bought 16.75 acres at the old Rawhide Western town site for $22.3 million and plans to build 262 townhouses starting in 2008.

Gabriele Developments announced its Villa Volterra project in the 160-acre Silverstone development at Pinnacle Peak and Scottsdale roads.

Lawrence Gabriele, one of the principals, said the market is soft right now but should pick up by the time Villa Volterra starts sales at the end of 2007.

Gabriele Developments is one of three builders with projects at Silverstone, which is on the former Rawhide theme park land.

Also at Silverstone, Monterey Homes plans to build 436 residential units starting late next year.

And Classic Residence by Hyatt intends to put up 270 senior-living units in 2008.

Villa Volterra will include two- and three-story townhouses of 1,500 to 2,300 square feet. The buildings are limited to a height of 36 feet. Prices have not been set.

To inquire about real estate in this area, call Laura Boyajian today and visit her website for free, Phoenix, AZ MLS searches.