By Sammy Williams for AZBEX
Empire Residential Communities Fund IV, LLC (The Empire Group) of Scottsdale plans to develop 17.36 acres located south of the SEC of 53rd Avenue and Olive Avenue in Glendale. The gated residential community, named The Village at Olive Marketplace, features 208 casita-style, single-story homes.
“The Village at Olive Marketplace combines the best elements of a traditional single-family community with multi-family-like lease terms and management. The combination of these elements creates a desirable residential option with indoor/outdoor living areas maintained by a professional management company, without the mortgage payment or HOA fees of a typical single-family development,” the developer said in a statement.
The Village at Olive Marketplace will contain a mix of one-, two- and three- bedroom units, with the one-bedroom units attached in a duplex style. The residences range in square footage from 655 to 1313 SF and include a private, approximately six-foot high masonry rear yard wall with a minimum depth of eight feet.