Phoenix home construction project sign of better times to come

AHWATUKEE, AZ - The loud, obnoxious sound of the current residents of a patch of land in the Ahwatukee Foothills is the sound of cicadas. And if David Kitnick, president of Rosewood Homes, has his way, these guys will soon have company.

"Zoning allows up to 130 homes on the property, but we've tried to find the right balance between quantity and quality," Kitnick said.

The right balance? Sixty-one houses in one of the first major neighborhood projects Phoenix has seen in a long, long time.

"We haven't acquired a new property in five years, so we've been very, very patient.  But we've had several months now of positive economic growth," Kitnick said.

Over at city hall, Alan Stephenson says that economic growth is reflected in the number of requests for permits the city has been receiving.

"We are starting to see an uptick in the number of permits as well as re-zoning applications," Stephenson said. "We've got a couple of others in the South Mountain area that aren't being re-zoned but are in the permitting process."

Kitnick says the property has been vacant for the last 20 years and building new homes here will be a great benefit for the city.

"The city also generates some tax revenue when there's construction and there's also some permit fees that are paid during that," Kitnick said. "Our homeowners will spend money in the neighborhood and that will generate tax revenue. It's really a win-win."

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