A rapidly growing neighborhood that uniquely spans both north Phoenix and north Scottsdale could soon be the home to a new luxury apartment complex.
Lennar Multifamily Communities, based in Charlotte, North Carolina, has announced that it wants to build the project in the 1500 block of N. 71st Street, between Paradise and East Tierra lanes, in the Kierland neighborhood.
The company purchased two buildings at the four-acre site, which will be demolished to make way for a project that will include both apartments and some townhouses.
According to City of Phoenix documents, the project will additionally include a fitness center, swimming pool, dog park, and landscaped open area.
The new luxury apartment entry arrives in a local market seeing one-bed room apartments going for upwards of $1,500 a month and more.
Kierland, located some 20 miles to the northeast of downtown Phoenix, has increasingly become a popular destination neighborhood with new retail and office development, as well as the building of upscale rental space.
Developed in the 1990s as a master-planned community, Kierland today, according to the Scottsdale Independent, is “one of the most vibrant and iconic urban cores in the Phoenix metropolitan area.”
Plans currently call for work to begin on the new apartment complex sometime next fall, with a 2021 completion date.
By Garry Boulard