With the Valley rental market hotter than ever, Gen Y renters now have an array of fresh options catering to them within the rapidly expanding Cabana Modern Apartment Homes brand. Two new properties have been completed in Tempe and Phoenix, offering stylish and affordable living spaces along the major job corridors of metro-Phoenix. Now open, the hotly anticipated Cabana on Mill in Tempe and Cabana at the Pointe in North Central Phoenix bring 347 newly-renovated units to the in-demand rental market.
“In 2013 alone, the Phoenix-metropolitan area has experienced a 3.5% growth in employment bringing approximately 65,000 new positions to the Valley,” said Rob Lyles, partner for Deco Communities. “With the surge in new jobs, affordable housing is more important than ever,” he said. “Today’s apartment consumer is looking for both style and value in key urban locations,” he said.
Now totaling four complexes across the Valley and one in Las Vegas, The Cabana Modern Apartment Homes brand is known for bringing a youthful, energetic, and style conscious rental alternative to the marketplace. Each Cabana property is located in an urban environment that is pedestrian friendly and close to retail, public transportation and recreation. The firm eyes infill structures in prime locations and rehabilitates them into chic living spaces appealing to the Gen-Y crowd.
The 180-unit Cabana at the Pointe is located at the heart of one of the hippest neighborhoods in the Valley, The 16th Street Corridor in North Central Phoenix. A hub of restaurants, shops, recreation and entertainment, Cabana at the Pointe is in close proximity to many corporate headquarters, Valley freeways and hiking, biking and amenities of the 3,000 acre mountain preserve. Rental rates start at $574 per month for a one-bedroom unit.
The 167-unit Cabana on Mill follows up on Deco’s successful turnaround at its first Tempe project, Cabana on McClintock. Located along Tempe’s most iconic street, Cabana on Mill appeals to post-college professionals while still capturing Tempe’s unique urban flavor. In close proximity to some of the Valley’s largest employers including Arizona State University, Maricopa Community Colleges and SRP, Tempe is a major hub for jobs in key growth sectors including education, healthcare and financial services. Rental rates start at $699 per month for a one-bedroom unit.
Both Cabana at the Pointe and Cabana on Mill properties underwent extensive multi-million dollar, multi-phase transformations where more than 60 architects, master landscapers, construction workers and interior designers worked to transform each property into chic color-coded pods of move-in ready rental units.
Hallmarks of each Cabana property include a unique design theme with a lively exterior color scheme complimented, a chic hotel-style leasing center, vintage-inspired laundry facilities known as “Sudzy’s”, bike storage area, pet walks, fitness centers, fresh new pool areas with resort-style furniture in addition to many other signature amenities.
