PHOENIX, AZ December 3, 2014— Silver Fern Capital & Midland Communities recently closed on 38 North, 1.87 acres that will be developed into 22 two-story luxury townhomes centered around a neighborhood park. Construction is slated to be completed summer 2015, with a budget for 38 North is $4.5 million. The townhomes in this gated community range from the mid $200,000 to mid $300,000 price range.
The townhomes will have the latest in technology, energy efficiency and contemporary design. 38 North is located in the popular area of East Phoenix, South of Camelback and West of 44th Street, Arcadia Lite. The project is conveniently located minutes away from SR-51 to the West and Scottsdale to the East.
“This is a fantastic opportunity for home buyers to get a brand new home in the Arcadia area. It is located near amazing dining, entertainment and all the other great amenities of that area (Sky Harbor, Camelback Mountain, Old Town Scottsdale, Tempe Town Lake, the historic districts, Biltmore and more),” states Karl Tunberg, Principal at Midland Communities.