Credit: Snell & Wilmer/City of Phoenix
By Roland Murphy | AZBEX
Banyan Residential has begun the submittal, review and approval process for its latest Phoenix development.
According to a project narrative submitted to the City of Phoenix on September 23rd, Banyan Residential 48th Street and Washington will be a 515-unit multifamily development at the intersection’s SWC. The company is seeking approval for a Planned Unit Development on the vacant nearly 18-gross-acre site.
Because it is located so close to Phoenix’s Gateway Transit Oriented District, Banyan will use the City’s Walkable Urban Code standards as its guideline, adding in some project-specific adaptations due to site conditions.
The preliminary plan calls for a unit mix of 102 studio, 200 one-bedroom, 198 two-bedroom and 15 three-bedroom units. Construction is planned in two phases, with 321 units coming in Phase 1 and 194 in Phase 2.
The community will offer two central amenities buildings including clubhouse areas, lounges and mobile workspace. Other on-site features include a pool area with cabanas, a dog park, a fitness center, extensive open space with a central park feature, and “other common amenities expected by today’s urban resident.”
