December 18, 2024 4:53 pm
Facebook Twitter Youtube Instagram Linkedin
Rose Law Group

Miami builder plans Tempe Town Lake apartment complex

The pedestrian bridge that crosses Tempe Town Lake.
The pedestrian bridge that crosses Tempe Town Lake.

By Kristena Hansen | Phoenix Business Journal

Metro Phoenix’s booming multifamily market has apparently wooed a publicly traded home builder in Miami into the business.

The Business Real Estate Weekly of Arizona reported today Lennar Multifamily Investors LLC — a newly-formed subsidiary of Lennar Corp. (NYSE: LEN) — recently paid $13.5 million for a 5.3-acre lot along Tempe Town Lake where it plans to immediately start building a 328-unit apartment project.

The parcel is located on the south side of the lake and west of Mill Avenue, adjacent to Tempe Beach Park.

BREW said the project is Lennar Multifamily’s first endeavor in the apartment building sector.

Continued:

 

 

Share this!

Additional Articles

Goodyear approves land purchase

By Mary Goldmeer | YourValley The Goodyear City Council unanimously approved a proposal to purchase a 13-acre parcel for $8.4 million. The acquisition, is planned to support future expansion

Read More »
News Categories

Get Involved

Stay Informed

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

learn more

Recent Articles

Post Calendar

Rose-Law-Group-RCF-Logo-FINAL-LG-png.png
Facebook Twitter Youtube Instagram Linkedin
© 2024 Rose Law Group Reporter

Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.