Phoenix Business Journal
A developer is slated to pay $110,000 for just under a quarter acre of land in Phoenix with plans to bring a $66.3 million new development to Camelback Road and 17th Avenue.
The land is owned by the city and sits on Metro light rail in west Phoenix. It is valued at $90,000, according to city documents.
The Phoenix City Council will vote Wednesday on the land sale to development group Unified Capital Partners LLC.
Unified was the only bidder to a request for proposals issued by the city last year.
Source: Residential NewsShare