May 1, 2026 1:02 am
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Sacramento developer to build $75M apartments in downtown Phoenix; Dan Gauthier, Rose Law Group transactional attorney handling many Opportunity Zone investments, talks O-Zone projects with PBJ

A rendering of a new apartment community breaking ground next week in the Warehouse District in downtown Phoenix. / Chris Fraser / Phoenix Business Journal

Several multifamily projects in the pipeline around the Valley’s urban core

By Angela Gonzales | Phoenix Business Journal

San Francisco-based JMA Ventures LLC is on track to break ground next week for a $75 million apartment community in the warehouse district in downtown Phoenix.

The last time the developer bought land in downtown Phoenix — about four blocks away from its current location at Fourth and Buchanan streets — it was 20 years ago.

“We were thinking downtown was going to go through a growth spurt that it’s going through right now,” said Todd Chapman, president and CEO of JMA Ventures. “We were just a little bit early.”

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