Gilbert to hold hearing on proposed BTR development

By Mike Sunnucks | Rose Law Group Reporter

The Town of Gilbert is looking at annexing 14 acres of land near the southeast corner of Recker Road and Warner Road for a planned for-rent, residential development.

The Gilbert Town Council will hold a public hearing on annexing the county land into the town’s boundaries and rezoning the parcel for residential and multifamily use.

Keystone Homes / Holy Land Corp. wants to build as many as 157 bungalow style and two-story attached residential, for-rent homes on the East Valley site, according to city documents.

The property is currently undeveloped and has an industrial / airport zoning designation from the county.

The for-rent subdivisions continue to be popular with renters, investors and developers throughout suburban Phoenix submarkets.

The hearing will be held Aug. 3 at 6:30 p.m.

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