After five years of strategic planning and stewardship, MC Companies has commenced construction on a highly anticipated multifamily housing project, Mason Ranch, in Tucson, Ariz. A renowned leader in multifamily investment, development, construction, and management, MC Companies is moving forward with construction at a time when strong demand and favorable market conditions make this an ideal moment to deliver a high-quality residential community.

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Mason Ranch will be a premier Class A multifamily development featuring 312 luxury units in Tucson’s sought-after Tanque Verde submarket. Relative to other areas of Tucson, significantly less new multifamily supply has been added to the Tanque Verde submarket in recent years. Only one property—totaling 35 units—is currently under construction within a five-mile radius of Mason Ranch. Future residents will enjoy convenient access to grocery stores, restaurants, retail shopping, and natural attractions such as Mt. Lemmon Highway and scenic walking, hiking, and biking trails.

Originally conceived in 2021, the project has been a long-term vision for MC Companies. With the support of lender Kennedy Wilson and preferred equity partner Marble Capital, the project’s construction loan closed in late March. MC Companies will have majority ownership, build, lease up, and manage Mason Ranch. Site work has already begun, with vertical construction to follow immediately thereafter.

“This is a significant milestone for MC Companies, our investors, and our valued partners,” said Ross McCallister, co-founder of MC Companies. “Over the last 25 years, we’ve successfully developed and constructed 20 projects totaling more than 3,600 units across Arizona. Each investment has thrived, regardless of market conditions, and Mason Ranch will be no exception.”

The 363,436-square-foot project is expected to be fully completed around May 2027 and is currently projected to allow move-ins by the end of 2026.