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SunCor Development Inc. will build a 1,400-acre master-planned community northeast of Mayo Clinic-Scottsdale that could cost $200 million when completed about six years from now.
Plans call for contracting with home-builders to develop 750 to 800 single-family detached homes, taking only about 500 acres of the entire parcel. The remaining 900 acres are set aside for hillside or natural area open space. The tract is just north of the intersection of Shea Boulevard and 136th Street and borders the McDowell Mountains.
About one-fourth of the homes will be custom-built, although semi-custom homes and production homes will be built there as well.
Excluding development of the homes, SunCor and its financing partners are …