Development continues in Thatcher, Pima

By Diane Saunders
Staff Writer
Published on Sunday, December 21, 2008 4:21 PM MST

Despite the economic downturn in Arizona, real estate development continues in Thatcher and Pima — although a few projects have been placed “on hold.”

There are 15 projects in Thatcher, and all but one are for residential development, according to information released by Thatcher Engineer Heath Brown.

The lone commercial project is the 88-room Comfort Inn, which is under construction.

A list of single-family residential subdivisions and their status follows:

• Quail Ridge, 115 remaining units under construction.

• Eagle Meadows, 11 remaining units under construction.

• Mountain View Estates, 110 units under construction.

• Heritage Park, 22 units under construction.

• Diamond Springs Estates, 14 units under construction.

• Spring Canyon Estates, 148 units proposed, final plat approved, on hold.

• The Village, nine units under construction.

• Who’s On First, four units under construction.

• Armel Cotton Blossom Estates, six units, final plat approved, on hold.

• Mountain Vista Estates, 192 units, final plat approved.

• Frye Mesa Estates, 21 units, preliminary plat approved.

One multifamily development — Howard Apartments — will have 36 units and is under construction. Two other multifamily developments — EAC Cota Town Homes with 175 units and Casa Blanca Condos with 192 units — began construction and are on hold, according to information from Thatcher.

About four miles west of Thatcher is Pima, which has four subdivisions on the books in various stages of development.

The 62-lot Ferrin’s Terrace subdivision on the west side of town has halted, but there is still activity on the three other subdivisions planned for Pima, Town Manager Gerald Schmidt said.

The 60-lot Alder Heights and the 19-lot Orchard Park subdivisions continue to sell lots, and the final plat for the 43-lot Green Gables subdivision will soon be presented to the Pima Planning and Zoning Commission for a recommendation to the Town Council.

Print this story Email this story Post A Comment

Comments

12 comment(s)

Dave wrote on Jan 9, 2009 8:22 AM:

" The United States is going through a readjustment phase. Lenders gave too much to too many too fast. Then they gave nothing. Rate from the Fed’s is almost zero now. Interest rates for those who DIDN’T buy a home they couldn’t afford now have good credit. Lenders WILL lend now to show Congress that they are grateful for the cheap money they received. I am building a home in Pima at 5% interest on a 30 year fixed. Sure I have to put a little more down, but that’s what should have been required 5 years ago. "

Agree wrote on Jan 3, 2009 3:46 PM:

" I agree, Mayor Hinton and the council in Thatcher do a good job, they just need a town pool. "

Anti-growth wrote on Jan 2, 2009 2:39 PM:

" Keep all the growth in Safford and Thatcher, they both deserve it. "

pro growth wrote on Dec 29, 2008 10:45 PM:

" If you think about it Thatcher is the only town that is still professionally ran and is pro-growth. Good job Mr. Himton and crew. "

PimaTwo wrote on Dec 23, 2008 9:12 AM:

" It's not the individuals that are really having issues right now. It's the buisness's, ie.. the developers.
We will all see in just a few months the reallity of the situation for the Gila Valley. I would save every penny right now. Those lovely new houses will be worth far less in a short period of time. Just watch a see. You will be able to go to The Auction and get a really great deal. The whole State is affected. Jobs = Future. No Jobs = Bust. "

Aaron wrote on Dec 22, 2008 10:44 PM:

" Maybe it is not as bad as you are being told. Individuals are having a tough time but we are no where near the "Great Depression". We do need to learn to manage money better but it is not the end of the financial world. "

pima IS growing wrote on Dec 22, 2008 10:18 PM:

" i can see one of the pima developments from my house. there are several homes going up right now and i personally know several of the families who are having homes built there. they are lovely homes--drive through the development and check it out! :) "

PimaTwo wrote on Dec 22, 2008 8:26 PM:

" Your kidding on this article right? You must be using 6 month old info to write this or something.
Nothing as in NADA is happening in Pima at all. Ask these questions now (as in today) and you might get the real picture. "

Typical wrote on Dec 22, 2008 3:07 PM:

" It is absolutely assanine to think all these developements will sell! Those who have money, are being careful with it. Not spending it. And there arent enough people with secure jobs, as well as banks arent lending like they used to. All this is going to do is lower existing houses worth even more. Typical GilaValley. "

WHY wrote on Dec 22, 2008 12:47 PM:

" That place is going to be a ghost town... "

Concerned wrote on Dec 22, 2008 11:47 AM:

" People who still have jobs and money "

crystal wrote on Dec 21, 2008 11:09 PM:

" Id like to know who can afford to buy these new homes with the bad economy and all the local layoffs? "

WRITE A COMMENT

READER COMMENTS
* Be respectful of others, the writer and the subjects in the story.

* Be relevant. Keep your comments pertinent to the story that is being discussed.

Comment posters are responsible for the opinions they express and the accuracy of the information they provide. We urge comment writers to treat this as a public forum where manners matter. We encourage a collegial, non-insulting tone. All reader comments must be approved by our staff before posting to the Web site. Be aware, in accordance with the Communications Decency Act and provisions upheld in judicial appeal, that you are responsible for comments posted on this Web site. The Eastern Arizona Courier is not liable for messages from third parties. IP addresses can be subpoenaed and your identity established by individuals who have been hurt by your comments.

DO NOT POST:
* Potentially libelous statements or damaging innuendo.
* Obscene, explicit, or racist language.
* Personal attacks, insults or threats.
* The use of another person's real name to disguise your identity: You can be prosecuted for identity theft.
* Comments unrelated to the story.

Opinions, advice and all other information expressed in www.eacourier.com reader comments represent the individual's own views and not those of the Eastern Arizona Courier. The Courier does not endorse and is not responsible for statements, advice or opinions offered by anyone other than Eastern Arizona Courier spokespersons.

Thank you for your comments!