Mattamy Homes has closed on 122 acres in Goodyear, paying $20.45 million for a parcel the Canadian homebuilder will develop into its own $250 million master-planned community.

Setting it apart from other homebuilders out in that area will be a variety of bigger lot sizes, offering more spacious homes, said Don Barrineau, Phoenix division president for Mattamy Homes, which is based in Toronto.

"A lot of those parcels in those areas have been snapped up," he said. "My lots will be noticeably bigger."

Plans call for offering 412 homes on three lot sizes, with the largest 80-foot lot offering an option for an RV garage.

The 60-foot lots will feature homes ranging from 1,800 to more than 2,800 square feet, while the 65-foot lots will have homes between 2,200 and 3,400 square feet. The 80-foot lots will have similar sized homes as the 65-foot lots but with an option for an RV garage.

While it's too soon to put a price tag on these homes, Barrineau said he expects them to range between $400,000 to the mid-$500,000s.

The parcel at Yuma and Perryville roads currently is being leased to cotton farmers, he said.

Nate Nathan, Dave Mullard and Casey Christensen of Nathan & Associates Inc. were the brokers on the deal.

To continue reading, click here. 

By Angela Gonzales, Senior Reporter - Phoenix Business Journal.