Henry Walker Homes and sister company Strategic Capital Group have announced the acquisition of the largest portion of Fox Hollow, a 3,230-unit residential development in Saratoga Springs.
The deal with California-based Pacific Western Bank gives Henry Walker approximately 300 acres at Fox Hollow, including 250 improved single-family lots, 420 unimproved lots and 20 acres zoned for high-density multifamily and commercial use. The original developer was BTS Investments, based in Orem.
Work on the 1,035-acre master-planned community previously stalled because of economic and market conditions. The homebuilder is working with Saratoga Springs City and other landowners within the Fox Hollow project to reach a long-term extension of the development agreement.