A developer is slated to pay $110,000 for just under a quarter acre of land in Phoenix with plans to bring a $66.3 million new development to Camelback Road and 17th Avenue.

The land is owned by the city and sits on Metro light rail in west Phoenix. It is valued at $90,000, according to city documents.

The Phoenix City Council will vote Wednesday on the land sale to development group Unified Capital Partners LLC.

Unified was the only bidder to a request for proposals issued by the city last year.

It…

Source: http://feeds.bizjournals.com/industry_21

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