A Texas developer has purchased 5,000 acres in Northern Peoria. The parcels sold for over $106 million and are located south of the Carefree Hwy & west of the Taiwan Semiconductor manufacturing plant.
The Saddleback Heights area has been in the works for years.
“So we got it entitled in 2002 and in 2014 they came back to the city and amended the plan and development agreement so we always knew this master plan would come to fruition,” he added.
Based on that plan, the new development can house more than 8,000 family units, three golf courses, two parks, two schools and at least one new public safety building for police and firefighters.
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