Lowe Enterprises Enters Exclusive Agreement to Joint Venture on a Proposed 19,600-Acre Master Planned Development in Arizona; Property is Located in the Foothills of the Catalina Mountains near San Manuel, Northeast of Tucson.PHOENIX -- Lowe Enterprises has entered into exclusive negotiations with BHP Billiton BHP Billiton is the world's largest mining company.[1] Its origin is in the 2001 merger of Australia's Broken Hill Proprietary Company (BHP) and the UK's Billiton, which has a South African background. The result is a dual-listed company. subsidiary BHP BHP blood hydrostatic pressure; the pressure exerted by the blood cells and plasma in the capillaries. Copper Inc., to form a joint venture for the development of BHP Billiton's 19,600 acres northeast of Tucson, Arizona Tucson (pronounced /ˈtusɑn/, Spanish: Tucsón [tuk'son] . Lowe Enterprises and BHP Billiton propose a master planned development with a variety of residential, commercial and light-industrial uses for the land, which includes a portion of BHP Billiton's former copper mine and processing facilities in Pinal County adjacent to the community of San Manuel San Manuel may refer to the following places:
Lowe Enterprises was selected by BHP Billiton after a nine-month review and evaluation that included several large regional real estate companies. Lowe has expertise in all types of development from commercial and multifamily to resorts and single-family homes. The firm is currently working on several master planned developments in the west including the 6,000-acre Suncadia project near Roslyn, WA., the 1,040-acre Grizzly Ranch in Portola, Ca., and the 2,043-acre Macanta community south of Denver, Co. "Our company brings both local knowledge and national resources to the team," said Rick Newman, President, Lowe Enterprises Real Estate Group, Western Region. "We established a regional office in Phoenix in 1997 and have been active in multiple commercial real estate ventures throughout the area." The company's current activities in the greater Phoenix area include development of Chandler Commons Office Park and the recent acquisition of two office properties, Paradise Valley Paradise Valley may refer to:
"This is a tremendous opportunity to apply our skills and develop a plan that creates a balance of uses that will support and enhance the community," noted Jim DeFrancia, President, Lowe Enterprises Community Development. BHP Billiton has owned the San Manuel site since the early 1950's. The location is 45 miles northeast of Tucson on the northeastern slopes of the Catalina Mountain Range with spectacular views of the Galiuro and Santa Catalina Mountains The Santa Catalina Mountains are located north of Tucson, Arizona, United States. Commonly referred to as the Catalinas, the mountain range is the most prominent in the Tucson area, with the highest average elevation. and the San Pedro River San Pedro River may refer to:
Pinal County District 1 Supervisor Lionel D. Ruiz is focused on bringing more jobs and amenities to his district. "I am ecstatic about this proposed development. It will bring great benefits to our community and to the surrounding area. It will provide jobs and result in many local improvements for our citizens," Ruiz commented. Lowe Enterprises is working on a preliminary design and will proceed with further analysis and market studies over the next several months. About Lowe Enterprises Los Angeles-based Lowe Enterprises is a leading national real estate investment, development and management firm. Over the past 34 years, it has developed, acquired or managed more than $8 billion of real estate assets nationwide. The firm is currently developing 5.4 million square feet of commercial projects nationwide. Through its investment management affiliate, the firm currently manages in excess of $2 billion in real estate assets on behalf of institutional clients. In addition to its Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. headquarters, Lowe Enterprises maintains regional offices in Denver, Irvine, Phoenix, San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , Sacramento and Washington D.C. About BHP Billiton BHP Billiton is the world's largest natural resources company, with some 37,000 employees working in more than 100 operations in approximately 25 countries. BHP Copper Inc. is a fully owned subsidiary of BHP Billiton. BHP Copper Inc. operated mining, smelting smelting, in metallurgy, any process of melting or fusion, especially to extract a metal from its ore. Smelting processes vary in detail depending on the nature of the ore and the metal involved, but they are typified in the use of the blast furnace. , and refining operations in Arizona and Nevada. The company discontinued operations Discontinued operations Divisions of a business that have been sold or written off and that no longer are maintained by the business. of the San Manuel mine and plant sites in June of 1999 and has been actively involved in demolition, remediation and reclamation of the former industrial sites. They will complete reclamation by June 2007. BHP Copper Inc.'s closure of the San Manuel site is the first "large scale" mining operation to be reclaimed in Arizona and reflects the company's commitment to developing partnerships that foster the sustainable development Sustainable development is a socio-ecological process characterized by the fulfilment of human needs while maintaining the quality of the natural environment indefinitely. The linkage between environment and development was globally recognized in 1980, when the International Union of our host communities. |
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