(Disclosure: Rose Law Group represents The Empire Group.)
By Tasha Anderson | AZBEX
The single-family rental community trend is continuing to grow across Arizona with no plans on slowing down anytime soon.
These projects are meant to provide residents with a more single-family feel by being developed horizontally rather than vertically, with detached units, and providing benefits such as private backyards, while still including central amenities.
Thomas Brophy, research director for Colliers International, said in a recent Phoenix Business Journal article dated July 22nd, 2021, that, “There currently are more than 5,300 units now under construction around the region, adding to the 4,800 existing units in metro Phoenix. By the end of 2022, inventory within the [Build-to-Rent] BTR development subset will have doubled.”
Across the West Valley, plans for two new single-family rental communities are making their way through their respective planning departments.
The Village at Liberty Farms – Phoenix
The Empire Group of Companies, with several BTR communities currently under construction in the West Valley including The Village at Pioneer Park in Peoria and The Village at Olive Marketplace in Glendale, is looking to build a 153-unit build-to-rent development at the NEC of 51st and Southern Avenues in Phoenix called The Village at Liberty Farms.
The City of Phoenix heard a request to rezone the 15.43-acre property from Ranch or Farm Residence District to Multifamily Residence District at its August 9th Laveen Village Planning Committee meeting. The request was recommended for approval.