real estate land development

1. R E S E R V E A T
D I X I L E T A
W H A T D I F F E R E N T I A T E S T H E B E S T
F R O M T H E R E S T

2. HOME IS A PLACE THAT
YOU GROW UP
WANTING TO LEAVE,
AND GROW OLD
WANTING TO GET
BACK TO.
• • •
JOHN ED PEARCE

3. P R O J E C T
H I G H L I G H T S
I-17 & DIXILETA
190 ACRES
SINGLE FAMILY
MULTI FAMILY
COMMERCIAL
CLOSE PROXIMITY TO
SCHOOLS, SHOPS, AND
JOBS

4. I - 1 7 &
D I X I L E T A
L A R G E M O U N T A I N
S M A L L W A S H
E X I S T I N G S I T E
C O N D I T I O N S
R O C K Y D E S S E R T
L A N D S C A P E

5. MARKET OVERVIEW
Demographics
Median Age: 36.22
Average People Per Household: 2.75
Married: 62.2%
Family Housholds: 72.1%
Average Household Income: $111,004
Median Houshold Income: $78,047
Employment
Unemployment: Below average 4.8%
Major Job Sectors: Financial, education
and health, government
Annual Growth Rate: 4%

6. MARKET
SUMMARY
NORTHWEST VALLEY MULTIFAMILY
SNAPSHOT
Market Information
Population (1 mile radius): 1,067
Total Households (1 mile radius): 326
Total Housing Units (1 mile radius): 364
Average Price Owner Occupied Unit:
1. $500,000 - $749,000: 25.4%
2. $400,000 - $499,999: 21.9%
3. $300,000 – $399,999: 20.4%
Medial Home Value: $409,659
Average Home Value: $438,104

7. Happy Valley Town Center – 6 miles
The Shops at Norterra – 6 miles
Outlets at Anthem – 9 miles
Wet n Wild – 7 miles
Deer Valley Airport – 6 miles
Amenities
Schools
Barry Goldwater High School
Norterra Canyon Elementary School
Boulder Creek High School
Hospitals
John C. Lincoln Sonoran Health and
Emergency Center
John C. Lincoln Deer Valley Hospital
Job Market
USAA
MARKET
SUMMARY

8. N E A R B Y P R O J E C T S
Norterra
Single Family
Price Range: $200,000 +
Size: 1,500 – 3,000 sq.ft.
Sage Luxury Apartment Homes
Apartments
Price Range: $875 - $1900
Size: 800 – 1300 sq.ft.
Bedroom: 1 – 3 bedrooms
Collins Creek by Ashton Woods
Single Family
Price Range: $400,000 - $640,000
Size: 2,500 sq.ft. – 3,300 sq.ft.

10. Z O N I N G &
E N T I T L E M E N T S
RED: COMMERCIAL
LIGHT YELLOW: LARGE LOT
DARK YELLOW/STRIPES:
TRADITIONAL LOT
GREEN: FUTURE PARKS AND
OPEN SPACE
PURPLE: MIXED USE
MAROON: HIGHER
DENSITY/TOWNHOMES

11. B E F O R E

12. R 1 - 1 8
SINGLE FAMILY RESIDENTIAL
18,000 SQ. FT. PER UNIT
MAX BUILDING HEIGHT 30 FT
MAX LOT COVERAGE 35%
R - 3 A
MULTIPLE FAMILY RESIDENTIAL
LIMITED
3,000 SQ. FT. PER UNIT
MAX BUILDING HEIGHT 40 FT
MAX LOT COVERAGE 60%
R - 3
MULTIPLE FAMILY
RESIDENTIAL RESTRICTED
3,000 SQ. FT. PER UNIT
MAX BUILDING HEIGHT 40 FT
MAX LOT COVERAGE 60%
C - 2
INTERMEDIATE COMMERCIAL
ANY TYPE OF NON AUDULT
ORIENTED STORE CAN BE PLACED
MAX BUILDING HEIGHT 30 FT

13. P R O J E C T
S U M M A R Y
TRADITIONAL DESIGN
WITH MID-CENTURY
INFLUENCE
HOMES RANGE FROM
2000-2500 SQ FT
SINGLE FAMILY
$377,000
MULTI-FAMILY
$285,000-$305,000
COMMERICAL AREA
INCLUDES LOCAL
SHOPS,
NEIGHBORHOOD
DINING, AND
COMMUNITY SPACES
BUSINESS CENTER
SPACE WILL BE SOLD

14. D E V E L O P M E N T P L A N
SINGLE FAMILY 187 UNITS
MULTI FAMILY 240 UNITES
COMMERCIAL 22 ACRES TOTAL
COMMERCIAL #1 7 ACRES MAREKTS, COFFEE SHOPS,
RESTAURANTS
COMMERCIAL #2 15 ACRES IMPROVE LOTS AND SELL
TO DEVELOPER (SALE OF COMMERCIAL PROPERTY AT
YEAR 2 FOR 2 MILLION)

16. PRODUCT DESIGN

17. COMMUNITY CULTURE

18. F I N A N C I A L
A N A L Y S I S
MAJOR
COSTS
EXCAVATION OF HILL
BUILDING ON THE HILL
DEVELOPING DIXILETA RD.
BRINGING UTILITIES TO THE SITE
BURY POWER POLES UNDERGROUND
CREATING UNIQUE DESIGN WITH
MODERN FEEL VS. TYPICAL MASS
PRODUCED SOUTHWEST STYLE
HOMES

19. S O F T C O S T S :
$ 5 3 1 , 0 0 0
E S T I M A T E D
D E V E L O P M E N T
C O S T S :
$ 6 , 8 5 3 , 4 1 8
L A N D C O S T S :
$ 9 , 1 4 4 , 3 4 1 . 5 6
H A R D C O S T S :
$ 5 , 8 3 9 , 6 8 3 . 6 0 ,
T O T A L P R O J E C T
C O S T U N D E R :
$ 4 0 K
U N L E A V E N E D I R R :
3 3 %
C A S H M U L T I P L I E R :
2 . 9 X

20. T H A T ' S
A W R A P !
Q U E S T I O N S ? ?