Jackson Dearborn Partners, a real estate investment and development company based in Chicago, announced the formal groundbreaking of Solace at Ballpark Village, a 211-unit multi-family development in Goodyear, AZ.
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This project is being developed in partnership with Sub4 Development, a construction and development services firm based in Champaign, IL with an office in Scottsdale, AZ. Solace is a 211-unit market rate apartment project, with 3-story walk up buildings and a central elevator served core building with the leasing and amenity suite on the first floor. The comprehensive amenity package includes resort-style pool with outdoor bar, fitness center with studio space, communal kitchen, co-working business center, and dog run and adjoining spa. Units will feature high-end finishes including luxury plank flooring, stainless steel appliances, quartz counter-tops, and in-unit washer/dryers.
Solace at Ballpark Village was capitalized through a syndicated Qualified Opportunity Zone Fund managed by JDP and is the seventh QOZ project now underway nationwide by JDP and Sub4. Construction financing was provided by Benefit Street Partners and sourced by Black Bear Capital Partners. Solace at Ballpark Village has a projected opening date of August, 2022.
