BY AZRE
Phoenix-headquartered NexMetro Communities, America’s builder of next-generation leased–home neighborhoods, announces the purchase of 15 acres at the northeast corner of Warner Road and Grace Boulevard, just west of Arizona Avenue, in Chandler, Arizona, where it plans to develop 194 homes.
The development will feature one, two, and three bedroom floorplans and continues the developer’s charter of building single-family, detached homes for lease that cater to lifestyle-conscious consumers.
The deal, which closed on March 2, is part of NexMetro’s aggressive growth strategy for 2015.
The acquired property is less than two miles from Chandler’s Downtown District, and nearby to Gilbert’s Heritage District, both of which have undergone extensive redevelopment initiatives in the last several years.
