Multi-Family Archives

Luxury multifamily development opens in Oro Valley

The Villas at San Dorado

Almost a year after breaking ground, Mark-Taylor has opened its first luxury multifamily development in Pima County, the Villas at San Dorado. The community is part of a mixed-use development set against the gorgeous backdrop of the Santa Catalina Mountains. Located at the southeast corner of First Avenue and Oracle Road (10730 N. Oracle Road),… Read More →

First Mark-Taylor-built rental community in Gilbert now open

San Privada, Mark-Taylor

Luxury living options in the East Valley are expanding by the hundreds with Mark-Taylor’s opening of its first high-end community in Gilbert, Ariz. The 296-unit San Privada , located in the acclaimed Spectrum neighborhood at Val Vista Drive and Pecos Road, offers an ideal living experience for established professionals as well as those looking to… Read More →

Cox Communications building to be redeveloped as apartments

Cox building

ORION Investment Real Estate announced Thursday night the closing of a single-story office/warehouse building, located at 160 S. MacDonald in Mesa, Arizona for $750,000 to Cardinal Capital Management, Inc. “The buyer plans to redevelop the site into an apartment community and wanted to be close to the future light rail stations,” says Nick Miner, Vice… Read More →

New to Market: Broadstone Lincoln

Broadstone Lincoln pool, WEB

Broadstone Lincoln Developer: Alliance Residential Company General Contractor: Alliance Residential Builders Architect: ORB Architecture Location: 7100 E. Lincoln Dr., Scottsdale, Ariz. Size: 219,000 SF (net rentable area) Value: $50M Start and completion dates: Started third quarter 2012. Completed second quarter 2014. Project Description: Broadstone Lincoln is a 264-unit community that sits on 5.31 acres of… Read More →

Deco Communities opens sixth cabana modern apartment property

Cabana on Seventh

Scottsdale-based Deco Communities has opened its sixth Cabana Modern Apartment Homes complex bringing its brand of hip, modern and affordable rental units to the heart of North Central Phoenix’s eclectic 7th Street neighborhood. Cabana on Seventh offers 74 stylishly renovated units offering urban-influenced living spaces designed for Gen Y renters. Located at 5615 N. 7th… Read More →

Watt Communities announces multifamily, in-fill projects

The Enclave at 32nd

Watt Communities of Arizona has doubled its Phoenix project pipeline and brought its total local construction commitment to more than $21 million with the announcement of two new urban infill communities: The Enclave at 32nd Street and 16 Ocotillo. The move grows the company’s local presence and expands its product offerings to include single-family detached… Read More →

SEVEN Apartments

seven

Developer: NextGen Apartments General contractor: NextGen Construction Architect: Eric Miller Architects Location: 7th Street and 101 Freeway, Phoenix Size: 216 units Value: WND Start/Completion: February 2014 to April 2015 Subcontractors: Mechanical- RT Brown, Grading and drainage – S&S Paving, Plumbing – JBS Plumbing, Underground – Levake Construction SEVEN Apartments will feature three-story garden-style apartments with… Read More →

New to Market: The Standard

The-Standard

Developer: Trinsic Development General contractor: Adolfson & Peterson Construction Architect: ORB Architecture Location: N. 69th and Main streets, Scottsdale Size: 172KSF Value: $17M Start/Completion: April 2014 to July 2015 The Standard is a 172KSF market-rate apartment development on a three-acre site in Scottsdale (adjacent to the historic Hotel Valley Ho). The development will contain 134… Read More →

AMA honors communities, leaders at annual Tribute Awards

Liv Avenida, IPA Management, which won the Developer’s Award for Best Community built in 2012-2013.

The multihousing industry has had a remarkable year of renewed optimism in the housing and rental markets. The Arizona Multihousing Association brings apartment industry leaders together for one night a year at its annual Tribute Gala to celebrate the successes of the teams, individuals, volunteers and communities that are best in class. On Thursday night,… Read More →

Phase 2 of Portland on the Park to begin

portland-on-the-park

The award-winning condominium community Portland Place will soon have an adjacent sister property that will begin construction late this year adding 170 true lofts and finished condos to the Downtown Phoenix Roosevelt Historic and Art District. The new urban living project is aptly dubbed Portland on the Park as it is situated between the three-acre… Read More →

Deco Communities announces Edison Midtown in Phoenix’s Central Corridor

Courtesy of Deco Communities

Midtown Phoenix is getting a hip new neighbor. Scottsdale-based Deco Communities has closed on a key parcel of land that will be transformed into Edison Midtown, a new urban contemporary condominium in the heart of Phoenix’s urban core. Located at 2346 N. Central Ave. the address says it all, Edison is central to Midtown’s buzzing… Read More →

CityScape welcomes first residents

CityScape Residences model penthouse
April 14, 2014 by in AZRE Magazine | Featured | Multi-Family

In February, the first residents moved into the CityScape Residences, a collection of 224 luxury apartments that sit atop Kimpton’s Hotel Palomar Phoenix.

Deco Communities plans $37M joint venture on Envy Condos

Envy Condominiums rendering, WEB

Scottsdale-based Deco Communities has closed on a key parcel of land that will change the skyline of Old Town Scottsdale with the addition of a new luxury condominium tower. Slated for completion in 2016, the property is located at 4244 N. 75th St. Envy will include 90 elegantly appointed residential units and rise eight stories… Read More →

HFF arranges $14M in joint venture equity for Scottsdale condo project

Envy Condominiums rendering, WEB

HFF announced today that it has arranged $14M in joint venture equity for the development of Envy, a 90-home, mid-rise condominium project in downtown Scottsdale’s Entertainment District. HFF worked on behalf of the borrower, Deco Communities, to secure joint venture equity from an alternative investment manager. Envy will be situated on a one-acre site at… Read More →