The Statesman Group announced today that it will launch nearly $200 million in luxury residential real estate within Desert Ridge next month, which will be available for purchase or rent with the introduction of The Luxe at Desert Ridge, 223 condominiums, and The Montreux, 335 apartments.
A family-owned and operated real estate development company, Statesman owns 50 acres of land within the Desert Ridge master-planned community located on Deer Valley Road between 52nd and 56th streets. The Luxe occupies 10 acres on the west side of the property while The Montreux sits on nine acres on the east side. They are separated by Toscana of Desert Ridge, Statesman’s nearly-sold-out condominium community with less than 10 of 677 residences remaining available for purchase. The property is directly across from the restaurants, bars and retailers on High Street and adjacent to Desert Ridge Marketplace.
Starting from $550,000, The Luxe will feature 223 two- and three-bedroom condominiums ranging in size from 1,630 to 2,225 square feet and customizable penthouse units up to 3,300 square feet. Homes will offer open floorplans, oversized great rooms and some of the Valley’s largest condominium patios complete with an optional outdoor grill. Residents will have access to a significant resort-style amenity offering and unobstructed views of Pinnacle Peak. Sales begin in May and an interest list is now forming. The first 30 homes will break ground early 2019.
With move-ins expected spring 2019, The Montreux started construction in Jan. and will be comprised of 335 one-, two- and three-bedroom luxury apartments ranging in size from 805 to 1,518 square feet, plus a robust lineup of resort-style amenities. Leasing will begin later this year and rents are expected to start from $1,475 per month.
“Not many developers can say they have for-sale and for-rent luxury developments next door to one another in one of the Valley’s most desirable neighborhoods,” said Alana Mann, president and owner of The Statesman Group. “We’re really creating a community for everyone here in Desert Ridge. The Luxe combines modern sophistication with classic desert design to offer a level of luxury not found anywhere else in the Phoenix-metro area for this value. The Montreux is highly amenitized and designed with the outdoors in mind with beautiful gazebos, lush landscaping and an expansive turf area for community events.”
To receive priority details and an invitation to The Luxe VIP sales event in May, register at http://www.theluxeatdesertridge.com/ or call 480-767-5665.