Summerlin developer launching new community outside Phoenix

Summerlin developer Howard Hughes Corp. is launching an adjacent bigger assemblage successful the Phoenix area, arsenic it sets retired to physique different medium-sized metropolis successful the desert.

Hughes Corp. announced plans Tuesday for Douglas Ranch, a astir 37,000-acre master-planned assemblage westbound of Phoenix. Douglas Ranch is slated to diagnostic 100,000 homes, 300,000 residents and 55 cardinal quadrate feet of commercialized development, according to a quality release.

Texas-based Hughes Corp. said successful a securities filing that it acquired the onshore wide for astir $600 million.

Residential batch income are expected to commencement successful the archetypal fractional of adjacent year, with the archetypal “village,” the 3,000-acre Trillium, located successful Buckeye, Arizona, the institution announced.

Douglas Ranch would beryllium importantly larger than Summerlin, which spans 22,500 acres on the Las Vegas Valley’s occidental rim, boasts much than 100,000 residents, and commands immoderate of the highest location and onshore prices successful Southern Nevada.

Hughes Corp. sells onshore to homebuilders successful Summerlin and has developed hundreds of millions of dollars’ worthy of projects successful its commercialized halfway disconnected Sahara Avenue and the 215 Beltway, including the 106-acre Downtown Summerlin open-air promenade and the 10,000-fan-capacity Las Vegas Ballpark.

This is simply a processing story. Check backmost for updates.

Contact Eli Segall astatine esegall@reviewjournal.com oregon 702-383-0342. Follow @eli_segall connected Twitter.