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03/25/07
Builder seeks damages from city
Filed under: General, Real Estate
Posted by: Lillian Wong @ 4:26 pm

A developer that is building a residential development in northeast Phoenix is seeking nearly $18 million in damages, alleging that city-imposed delays have knocked the project more than two years off schedule. An attorney representing Gray Development Group claims that the city made unnecessary requirements of his client’s Paradise Ridge project that includes three multifamily developments on about 33 acres of land near 64th Street and Mayo Boulevard. The developer claims that the city-imposed delays pushed back the project schedule, making the development subject to the higher impact fees that took effect in February.  More…

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