Phoenix New Construction & Proposed Multifamily Projects
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Phoenix New Construction & Proposed Multifamily Projects 2Q19 114 ID PROPERTY UNITS 203 3 Avilla Meadows 127 204 4 Christopher Todd Communities 313 115 at Stadium 38 22 Christopher Todd Communities 202 on Camelback 167 118 200 23 Glen Arbor Phase II 50 117 201 24 Avilla Centerra Crossings 184 Total Lease Up 841 116 198 144 Metrocenter 250 199 34 Copper Falls 240 145 Landmark on 67th 56 38 Bungalows on Jomax, The 141 119 146 Paradise @ P83 352 40 Parc at South Mountain 258 147 Golden Lane 192 146 47 Villa Vita 183 148 Village at Olive Marketplace 150 3 51 Christopher Todd Communities 173 47 at Marley Park 149 Village at Pioneer Park 296 51 Total Under Construction 995 150 3250 West Indian School Road 81 61 169 South Mountain Park & Preserve 240 145 144 148 61 Parc at Roundtree Ranch 275 186 Amberlea 136 149 147 62 62 59 Butler 96 187 Cerro Vista 255 63 Bungalows on Orangewood 150 188 Christopher Todd Communities 63 Estrella Commons 286 23 71 6740 West Thomas Road 60 189 Christopher Todd Communities 370 82 South 16th Street & East on Dysart 22 4 Baseline Road 85 34 190 Cornerstone at the Wigwam 313 195 108 Acero Estrella Commons 352 192 190 191 DeRosier Ranch 94 189 109 150 109 Avilla Gateway 50 192 Harmony at Goodyear 288 111 71 110 Christopher Todd Communities 194 166 193 I-10 & North Bullard Avenue 50 108 196 110 186 on McDowell 193 111 Grayson Place 296 194 North 146th Avenue & 188 West Palm Lane 188 187 114 Acero Canyon Crossroads 288 24 195 Rio Bonita 219 191 115 Avilla Canyon 211 196 Virtua 99th 250 116 Avilla Paseo 89 198 Trillium 101 295 117 Sunrise Village 140 200 NorTerra Mixed Use 1,100 122 118 Christopher Todd at Vistancia 224 40 201 North 23rd Avenue & West 284 119 Christopher Todd Collection 217 Alameda Road 82 on Mountain View 202 North Black Canyon Hwy & Jomax Road 242 122 Avalon Villas 108 169 Total Planned 2,807 Total Prospective 5,987 2 mi Source: Yardi Matrix LEGEND Lease-Up Under Construction Planned Prospective Phoenix New Construction & Proposed Multifamily Projects 2Q19 ID PROPERTY UNITS 127 126 1 Sky at Chandler Airpark 504 53 5 Riata 300 7 San Piedra 346 9 Angela, The 253 137 13 San Valencia 382 48 143 15 Village at Brighton Place, The 53 19 CORE Chandler, The 220 9 25 Avilla Lehi Crossing 118 33 Total Lease Up 2,176 25 27 Aiya 366 29 San Villante 348 95 152 33 Pearl Biltmore 474 37 District at Chandler, The 320 48 Alta Marlette 229 Total Under Construction 1,737 94 126 Daybreak 270 174 124 127 Daybreak Senior 130 53 Residence at 90th Street & San Victor 179 137 Palmeraie 50 93 7 93 Landing at Fiesta Village, The 220 143 North 24th Street & Arizona 178 Biltmore Circle 320 29 94 Christopher Todd Communities 145 Ellsworth & University 152 Imperial, The 140 96 95 Springs at Red Mountain 192 174 1850 East Main 100 177 96 Avilla Enclave 96 176 Desert Jewel Phase III 72 176 180 97 BB Living at Eastmark 132 177 Heritage District 250 98 Acero Cooley Station 182 178 Village Square at Dana Park 320 105 102 181 15 104 97 99 BB Living at Val Vista 216 179 Falcon Pointe at Pinelake 176 106 27 98 100 Crossing at Cooley Station, The 408 180 Gabriella Pointe 605 5 37 185 101 100 184 101 Elevation San Tan 297 181 Gallery Park 420 13 102 EpiCenter at Agritopia 287 182 Ironwood District, The 50 1 99 103 Noria Phase II 246 183 Liv at Gilbert Crossroads 356 103 183 104 Premier at Eastmark 216 184 Verde at Cooley Station 455 105 Residences at Santan Village 380 185 DC Heights 250 182 106 Santan Village 301 199 Avilla Lago 120 179 107 107 Village Greens of Queen Creek 50 203 Sage Phase II 232 19 124 Broadway Road Senior 237 204 Lake Pleasant Heights 100 Total Planned 3,784 Total Prospective 4,416 2 mi Source: Yardi Matrix LEGEND Lease-Up Under Construction Planned Prospective Phoenix New Construction & Proposed Multifamily Projects 2Q19 2 113 112 125 45 ID PROPERTY UNITS 2 Montreux 335 18 54 18 Halsten at Chauncey Lane, The 301 197 20 District at Scottsdale, The 332 Total Lease Up 968 32 Scottsdale Grand, The 290 39 Vitri 300 45 66th & Mayo 349 Total Under Construction 939 142 128 59 32 52 Alta Raintree 330 20 54 San Artes 552 39 59 LCG Kierland 221 52 60 Manor Scottsdale 293 112 Camden North End Phase II 343 113 North 56th Street & Loop 101 2,000 141 Total Planned 3,739 125 Cavasson, The 1,600 128 La Via 100 60 141 Acoma Court 475 142 LMV Kierland 299 197 Shea at North Tatum 1,044 Total Prospective 3,518 2000 ft Source: Yardi Matrix LEGEND Lease-Up Under Construction Planned Prospective Phoenix New Construction & Proposed Multifamily Projects 2Q19 158 157 46 160 161 66 ID PROPERTY UNITS 10 Astor at Osborn, The 191 16 Broadstone Osborn 200 159 Total Lease Up 391 36 Columbus 223 155 46 One Camelback 163 Total Under Construction 386 156 66 Cabana on 12th 252 36 67 Crescent Midtown 329 68 Haverly, The 256 69 Millennium Park Central 278 16 70 Park Central Mall Phase II 278 Total Planned 1,393 10 154 154 333 East Mulberry Drive 104 155 4040 - 4060 North Central Avenue 100 67 156 Aura Midtown 252 70 157 C17 330 158 Camelback & Central 120 69 159 Central Park 400 160 Omninet East 181 161 Omninet West 286 68 Total Prospective 1,773 1000 ft Source: Yardi Matrix LEGEND Lease-Up Under Construction Planned Prospective Phoenix New Construction & Proposed Multifamily Projects 2Q19 11 77 ID PROPERTY UNITS 11 Portrait at Hance Park 340 14 LINK PHX, The 257 163 Total Lease Up 597 26 Kenect Phoenix 320 78 35 McKinley & 2nd 108 44 Ryan, The 330 35 162 50 Derby, The 211 50 Total Under Construction 969 205 206 14 72 520 West Van Buren Street 243 74 164 73 Alta Warehouse 300 165 74 Aspire Fillmore 254 120 75 Battery, The 278 77 City Center on the Park 319 26 78 Eco Phx 70 79 121 72 79 Phoenix Central Station 300 81 167 80 South 3rd Street & East 168 Jefferson Street 379 81 X Phoenix 253 120 Fillmore, The 609 121 Palmcourt Tower 354 44 Total Planned 3,359 166 80 162 817 North 3rd Street 50 163 Broadstone at Portland 162 164 Canyon, The 100 165 North 2nd Avenue & West Fillmore Street 322 166 Presidential, The 84 75 167 St. Ambrose 200 168 X Phoenix Phase II 250 73 205 LINK PHX Phase II, The 204 206 LINK PHX Phase III, The 156 Total Prospective 1,528 1000 ft Source: Yardi Matrix LEGEND Lease-Up Under Construction Planned Prospective Phoenix New Construction & Proposed Multifamily Projects 2Q19 129 1000 North Scottsdale Road 282 130 2040 North Scottsdale Road 170 133 132 138 140 131 Alexan Scottsdale 282 132 Blue Sky 329 12 134 ID PROPERTY UNITS 133 East Highland & Goldwater Blvd 100 134 Gentry on the Green 1,241 6 Metro 101 202 136 135 L'Esperance 77 8 Aura at Watermark 360 55 136 Museum Square 300 12 Optima Sonoran Village Phase III 172 138 Peacock Scottsdale 146 17 Jefferson Town Lake 244 21 139 Scottsdale Entrada 745 21 Alta Drinkwater 277 135 140 WaterView 240 Total Lease Up 1,255 153 151 Arcadia Grand 331 153 Pinnacle Club 164 28 Pier, The 586 130 56 170 11 East 7th Street 100 30 Collective on 7th, The 269 151 131 171 7th & Forest 328 31 Alor 391 64 139 172 Camden Hayden Phase II 397 41 Broadstone Rio Salado 276 57 58 65 173 Eastline Village 220 42 Cameron, The 349 175 Sycamore Station 300 43 Carraro Heights 222 129 207 1980 East Broadway Road 90 49 Broadstone Grand 300 Total Prospective 5,842 Total Under Construction 2,393 43 55 Bishop Lane 199 76 56 Cabana on Hayden 89 57 McDowell, The 358 172 49 58 Papago Plaza 274 64 40 East Mixed Use 71 8 17 42 65 Urban Connected Phase II 50 28 84 76 Cabana on Washington 220 83 41 83 100 Mill 100 85 84 Millennium at Rio Salado 260 170 30 171 87 85 Novus Place 262 88 86 Park Place 285 31 92 89 87 Skyview 429 173 175 91 123 86 6 90 88 Tempe Crossroads 264 89 East Main Street & South Mesa Drive 252 207 90 Grid, The 296 91 Residences on Main, The 200 92 West Pepper Place & North Robson 70 123 Footprint 70 Total Planned 3,749 2000 ft Source: Yardi Matrix LEGEND Lease-Up Under Construction Planned Prospective Phoenix New Construction and Proposed Multifamily Projects PERMIT FORECASTED START OF ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET DATE COMPLETION DATE RENT-UP 1 Sky at Chandler Airpark 1441 East Germann Road Chandler AZ 85286 Lease-Up 504 Gilbert 03/17/2018 04/30/2020 01/15/2019 2 Montreux 5550 East Deer Valley Drive Phoenix AZ 85054 Lease-Up 335 Union Hills 03/15/2018 03/31/2020 03/07/2019 3 Avilla Meadows 15400 West Waddell Road Surprise AZ 85379 Lease-Up 127 Western Suburbs 10/01/2018 02/29/2020 05/15/2019 4 Christopher Todd Communities at Stadium 9999 West Missouri Avenue Glendale AZ 85307 Lease-Up 313 Glendale 05/01/2018 12/31/2019 06/14/2019 5 Riata 100 North Hearthstone Way Chandler AZ 85226 Lease-Up 300 Chandler 06/15/2018 12/31/2019 05/01/2019 6 Metro 101 2157 East Apache Blvd Tempe AZ 85281 Lease-Up 202 North Tempe 06/01/2018 11/30/2019 06/14/2019 7 San Piedra 4510 East Banner Gateway Drive Mesa AZ 85206 Lease-Up 346 Superstition Springs 05/10/2017 11/30/2019 08/01/2018 8 Aura at Watermark 420 North Scottsdale Road Tempe AZ 85281 Lease-Up 360 North Tempe 09/01/2017 10/31/2019 07/02/2019 9 Angela, The 2727 East Camelback Road Phoenix AZ 85016 Lease-Up 253 East Camelback 09/15/2017 10/31/2019 05/01/2019 10 Astor at Osborn, The 3300 North 7th Avenue Phoenix AZ 85013 Lease-Up 191 Uptown 02/15/2018 10/31/2019 05/01/2019 11 Portrait at Hance Park 1313 North 2nd Street Phoenix AZ 85004 Lease-Up 340 Sky Harbor 01/15/2018 10/31/2019 02/08/2019 12 Optima Sonoran Village Phase III 6895 East Camelback Road Scottsdale AZ 85251 Lease-Up 172 South Scottsdale 03/15/2018 10/31/2019 11/05/2018 13 San Valencia 1450 East Germann Road Chandler AZ 85286 Lease-Up 382 Gilbert 02/01/2017 10/31/2019