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Meritage Homes, iStar partner up for Scottsdale, Ariz., project

Meritage Homes Corp. and iStar Inc. are partnering up to develop a 30-acre site in Scottsdale, Ariz.

The Artesia mixed-use project will comprise more than 500 luxury condominiums and townhouses, a 10-acre private recreational park and a 20,000-square-foot community clubhouse.

The community will be developed in three phases. Initial development was started in 2005 with 93 residences, 22,500 square feet of retail space and underground parking garages, before work stopped due to the economic recession.

The first phase of closings for the project are expected in early 2019.