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Good news for those of us who live in the East Valley. The Arizona Republic reports that in addition to the West Valley projects that received fast-track status from the State Transportation Board, two South East Valley projects were also accelerated. The two SEV projects are: (1) adding an HOV lane in each direction to five miles of the Loop 101 between Baseline Road and the Santan Freeway section of Loop 202 in Chandler. (2) Purchasing right-of-way for Williams Gateway Freeway, a future five-mile corridor that swings off Loop 202 and out east to Meridian Road. This project was moved up to next year versus 2014. However, construction of the corridor is scheduled for several years away.
In addition, the Arizona Republic also reports that more than a dozen huge developments are sprouting up on both sides of the 30-mile long Sun Valley Parkway, west of the White Tank Mountains in Buckeye, an area expected to draw a quarter of all the Valley's new homes during the next few decades. "It's not if but when Sun Valley's growth takes off," said national housing analyst Tim Sullivan. "It's the logical place where metro Phoenix's growth will head in the next 10 to 20 years." In 2000, fewer than 50 homes were built in Buckeye. Last year, 5,000 went up. With its recent annexations, Buckeye already has more land than Tucson or Mesa. The article lists many of the bigger developments planned or underway in the area, including Douglas Ranch, Tartesso, Trillium and Sun City Festival. Developers in the Sun Valley area have secured water and utility service for the area and are already building homes. Sun Valley is bisected by the Sun Valley Parkway, which was built in the 1980's by developers banking on the area's growth.
For those of you keeping track, we are down to 44,059 active listings this morning. I'll try and be back before Christmas, so be sure to keep an eye out for what's going on in our beautiful Valley.
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