2 Queen Creek subdivisions set to open in Oct., Dec.

In the current housing-market slump, it is practically unthinkable for a Phoenix-area homebuilder to open three new subdivisions in three consecutive months, but that is exactly what Fulton Homes plans to do. Fulton Homes Vice President of Operations Dennis Webb said the Tempe-based company will open two new subdivisions in Queen Creek and one in Chandler - one each month in October, November and December. Webb said Fulton Homes decided to launch the new communities in rapid succession because the company is getting close to selling out of its popular Fulton Ranch master-planned community near Arizona Avenue and Ocotillo Road in Chandler, and because it happened to have three attractive properties available for development at the right price. Two of the three subdivisions were planned by other homebuilders that were unable to continue the projects or lost the properties to foreclosure. Mendocino at Ashcreek is a 70-lot subdivision near Rittenhouse and Ocotillo roads in Queen Creek that was initially developed by a custom-home builder that ceased operations there after building just eight homes, Webb said. Fulton Homes plans to open it in October, offering 3,000- to 4,000-square-foot homes on half-acre lots starting at about $310,000.

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