AZRE Magazine
The recovering Phoenix homebuilding market has flexed its muscle once again, prompting a new joint venture that links local real estate development veterans Steven Pritulsky and Paul Timm, and their company New Leaf Communities, with long-time Southern California-based builder Watt Communities.
The venture, Watt Communities of Arizona, has closed on two infill townhome community sites—one in central Tempe and another in the Biltmore area—that will bring the infill residential experience of Watt Communities to Arizona.
The joint venture is evaluating other sites in key Phoenix area urban infill markets as well, with the goal of developing many more quality, attached for-sale communities.
