Amid a housing crunch, developers looking for land turn to failing golf courses

SAN TAN VALLEY, Ariz. — Buffeted by soaring costs and declining curiosity from golfers, the One-way links at Queen Creek training course shut two a long time in the past immediately after 26 several years of procedure. But with the demand from customers for housing in Arizona soaring, Walt Brown Jr. saw a different fate for the 106-acre parcel of grass and palm trees southeast of Phoenix.

Brown, CEO of Diversified Companions, a developer in Scottsdale, purchased the home this yr for $16.8 million. His new task, the Ironwood Springs Ranch, will incorporate 172 properties on virtually 49 acres.

Throughout the country, builders like Brown see opportunity for building on battling golfing classes. Significant expanses of grass and trees sewn into the fabric of affluent communities glance like open area ripe for advancement. When it arrives to golf classes, even though, appears can be deceiving, and builders have uncovered to

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