A new master-planned community is taking shape in Marana.
Bela Flor Communities recently spent $4.25M to add 113 acres to its Mandarina master plan, which now totals 455 acres.
Mandarina Phase I is planned as a 342-acre mixed-use development at the I-10/Union Pacific Railroad Corridor and Tangerine Road. There is a planned mix of single-family – both attached and detached – and multifamily with a combined total of 2,500 units. The project will also feature a commercial and hospitality mix of retail, hotel and other uses. Representatives say 1,500 single-family lots are already committed or in escrow.
The newly purchased 113 acres – to be known as Mandarina Phase II – are being held for development. The seller in that transaction was Tangerine Investment Partners, LLC – an affiliate of Venture West. The seller was represented by Cushman & Wakefield | PICOR’s Rob Glaser. Bela Flor was represented by Brent Moser and Mike Sutton of Lee & Associates, who will continue to represent the developer for lot sales. (Source)
