November 21, 2024 9:13 pm
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Empire Group secures financing for Phoenix BTR project

(Disclosure: Rose Law Group represents Empire Group.)

By Jordana Rothberg | Multihousing News

Empire Group has secured $88.5 million in construction financing for a build-to-rent community in Phoenix. Arranged by Tower Capital, the loan will back the development of the 354-unit Village at Bronco Trail.

Situated at 29th Avenue at Sonoran Desert Drive, the site occupies approximately 30 acres. Community amenities are set to include a dog park, pool, clubhouse, grilling area, common open space and detached garages.

According to Yardi Matrix data, one-, two- and three-bedroom layouts will be featured at the Village at Bronco Trail. Individual homes will average 920 square feet and will incldude washers and dryers, smart home technology and a private yard.

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