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Scottsdale's El Dorado Holdings buys Merrill Ranch development in Florence - Phoenix Business Journal

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The land is adjacent to PulteGroup Inc.'s Anthem at Merrill Ranch development with more than 3,000 homes. phoenix $PHM

The proximity to Phoenix-Mesa-Gateway Airport in Mesa and its growing employment hub also was a reason this area appealed toFlorence seen as growing employment hub

Even without the proposed North-South Corridor, it's a 10 to 15-minute drive on State Route 287 between Merrill Ranch and Phoenix-based Nikola's manufacturing plant in Coolidge. "We met with a major homebuilder today," Kenny said."They felt that by the end of the second quarter there should be some clarity on where interest rates and costs will be. Hopefully they'll be able to start moving toward purchasing lots again. We'll be ready in two years to go and we're confident the market will be there at that time for us."

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