Finding the right product types for housing the fast-growing population of Phoenix

NexMetro is building “hybrid” smaller rental homes across the U.S. Southwest, ranging from 650 to 1,200 square feet (60 to 111 sq m), at 12 units per acre on its 10-acre (4 ha) development sites. The one-level homes have small yards but full on-site maintenance and property management. / NexMetro / Urban Land Institute

 

By Kathleen McCormick | Urban Land Institute

As one of the fastest growing and most populous metropolitan areas in the United States, the Phoenix metro area has seen some 40,000 apartments built since 2010, with demand and prices continuing to rise. Panelists for “Future of Housing: Finding the Right Fit for Changing Demographics,” a ULI Arizona Trends Day session held recently at the JW Marriott Phoenix Desert Ridge in Phoenix, provided a glimpse of how different product types are filling needs for the housing-strapped region.

Having developed over 3,500 mostly urban infill homes in the region over the past 22 years, including the new 89-unit luxury Envy condominiums in downtown Scottsdale, Deco Communities of Scottsdale is “focused now on attainable apartments” because of the great need for workforce housing, said Patricia Watts, senior partner and director of planning.

READ ON:

Share this!

Additional Articles

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.

News Categories
February 2019
M T W T F S S
 123
45678910
11121314151617
18192021222324
25262728