Shopoff’s 200-Acre Arizona Residential Project Receives City Approval
Shopoff Realty Investments, a manager of opportunistic and value-add real estate investments, has received approval from the City of Buckeye in Arizona to develop Desert Moon Estates, a medium-density residential housing community with 739 single-family home lots across a nearly 200 acre site.
Shopoff Realty Investments, a manager of opportunistic and value-add real estate investments, has received approval from the City of Buckeye in Arizona to develop Desert Moon Estates, a medium-density residential housing community with 739 single-family home lots across a nearly 200 acre site.
“Located just 30 miles west of Downtown Phoenix, this development project will support the booming city of Buckeye, which was named one of the fastest growing cities in the nation by the U.S. Census Bureau in 2017,” said Shopoff chief executive officer William Shopoff. “The development will help to provide much needed housing for new area residents, while seamlessly fitting into the outdoor desert lifestyle Buckeye residents have come to enjoy.”
The Desert Moon Estates community will feature 46 acres of open space, including a trail system and parks. The approved residential project will provide three different lot sizes to accommodate the future builder’s market segmentation needs.
The property was previously approved by the City of Buckeye in 2001. Shopoff decided to revise the plans and update the project’s design to meet the standards and amenities desired by today’s homebuyers.
Shopoff Realty Investments is an Irvine, California-based real estate firm with a 26-year history of value-add and opportunistic investing across the United States. The company primarily focuses on generating appreciation through the repositioning of commercial income-producing properties and the entitlement of land assets. The 26-year history includes operating as Asset Recovery Fund, Eastbridge Partners and Shopoff Realty Investments (formerly known as The Shopoff Group).
