Crown Realty acquires developer rights to Phoenix’s Desert Ridge community

From ParadiseValleyIndependent.com

Crown Realty and Development, a California-developer behind significant projects in Arizona, has closed on 96.5 acres and acquired the “Master Developer” rights in north Phoenix’s Desert Ridge master planned community.

The property and rights have been the subject of active litigation and bankruptcy for a decade, according to a press release. Crown now plans to develop the land as a new urban core in Phoenix.

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