December 21, 2024 12:02 am
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Construction starts on $107.652M Sagewood expansion

The Estates neighborhood will consist of 24 highly-appointed, luxury villas, single or duplex casita homes ranging from 1,926 to 3,174 square feet. (Rendering courtesy of Sagewood)

AZRE

Construction is underway for a $107.652 million expansion at the resort-like senior living community, Sagewood, near the Musical Instrument Museum at 4555 E. Mayo Blvd., in Phoenix.

The expansion will add 24 estate homes, an additional assisted living facility, and an event center to the community while doubling parking, according to Stewart Ingram, executive director of Sagewood.

The estate homes will consist of luxury single and duplex-style casitas and villa homes ranging from 1,926 to 3,174 square feet with open floor plans. Sagewood recently secured the $107.652 million for the expansion in financing, according to the announcement.

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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.