Development agreement
Broadstone Ranch, Surprise, AZ
3/ 5
Notable
Bedrock impact score
Action type
Development agreement
Asset class
Multifamily / Residential
Status
On municipal record
Filed
2026-08-04
Jurisdiction
Surprise, AZ
Days on record
Not dated
Approx — jurisdiction center
01Investment highlights
Why this deal matters
- Development agreement in Surprise, AZ · Multifamily / Residential
- Bedrock impact score 3 of 5 — Notable
- A fifth amendment to an annexation development agreement signals active negotiation of entitlement terms
- Competing developers and adjacent landowners should track what obligations or concessions are being renegotiated on this residential project.
02Deal summary
The rationale
A fifth amendment to an annexation development agreement signals active negotiation of entitlement terms — competing developers and adjacent landowners should track what obligations or concessions are being renegotiated on this residential project.
Surprise City Council is considering approval of the Fifth Amendment to the Broadstone Ranch Pre-Community Annexation Development Agreement with Elliott Homes, Inc. via Resolution 2026-85.
03Deal facts
The filing record
- Jurisdiction
- Surprise, AZ
- Action type
- Development agreement
- Asset class
- Multifamily / Residential
- File number
- #2026-85
- Applicant
- Elliott Homes, Inc.
- Status
- On municipal record
- Filed
- 2026-08-04
- Days on record
- Not dated
04Location
Where this sits
Broadstone Ranch, Surprise, AZ
33.67080, -112.45250 · approximate (jurisdiction center)
Street view
At street level
Area demographics
Maricopa County
4,412,779
Population
$67,799
Median HH income
1,596,784
Households
$1,012
Median rent
U.S. Census · ACS 5-year
Nearby amenities
Within ~1 mile
1 Dining
2 Parks
Points of interest · Google Places
05Record timeline
Filing to current status
- Filed with jurisdiction2026-08-04On the municipal record
- Scored by BedrockRelevance 3 / 5Automated land-use signal
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