The Buckeye Planning and Zoning Commission has approved the first of three preliminary plats for North Star Ranch, a master-planned community north of the Central Arizona Project Canal between the alignments for 275th and 255th Avenues in Buckeye.
The Commission’s approval of the first preliminary plat covers 2,184 single family lots on 756 acres of the 2,818-acre site.
The overall master plan was approved by the Buckeye City Council last month and includes nearly 10,000 residential units mixed between single- and multifamily, with 86% of the acreage dedicated to neighborhood residential. Other planned uses include light industrial and commercial/retail.
Community mixed-use will comprise 200 acres in total. The first phase will include the residential component, 28 acres of community mixed-use, a 15-acre school site and 165 acres of open space.
Project representatives say home sizes have not been finalized and that representatives of owner LKY Development Company are currently talking with different homebuilders.
LKY’s Larry Yount said developing the infrastructure to start housing construction could take 18 to put in place after a builder is signed on, with the first houses taking between 18 and 30 months to build given the current state of the market.
Several concessions were made during the approval process, including limiting the height to no more than four stories in the mixed-use portion of the development. There also will be no multifamily development until certificates of occupancy are issued for most of the single-family homes.
The total number of multifamily units was also reduced from an initially proposed 1,399 units to 950. (Source)
