By InBusiness Phoenix
Mill Creek Residential, a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., announced it has broken ground on Amavi Aster Ridge, a single-family build-to-rent community adjacent to the Anthem neighborhood of North Phoenix.
The community, which will offer a mix of 177 two- and three-bedroom townhomes, represents Mill Creek’s first single-family build-to-rent community within the Phoenix area. Mill Creek formally expanded into the Arizona market in 2021 with a new regional office and recently broke ground on two multifamily developments in the Kierland area. First move-ins at Amavi Aster Ridge are anticipated for February 2024.
“We’re eager to get started on this development, as Amavi Aster Ridge will represent the only professionally managed townhome community in the North Phoenix/Anthem area,” said Sam Griffin, vice president of land acquisition for Mill Creek’s Southwest Region. “This community will represent a true townhome product with attached garages and private backyards, and we’re excited to help meet the growing demand for quality housing in the area as it continues to emerge as a key employment hub.”
