Developer plans Class A townhome community for site
PHOENIX – Porter Kyle, a Scottsdale residential lifestyle developer, has paid $2,034,000 for 6.23 acres of land at 1003 N. Sarival Avenue in Goodyear, Arizona. The company plans to build a Class A townhome community on the site that is slated for completion in 2024.
“The dramatic influx of new residents to the West Valley, combined with the growing number of impressive employers in the area, made this site ideal for a quality home developer,” says Ramey Peru, senior vice president with Colliers in Arizona. “This was the ideal time for our seller to make the land available for development and monetize the asset.”
Kent Sheppard as representative for the Sheppard Family Trust sold the land to Porter Kyle. Peru and John Finnegan of Colliers in Arizona represented the seller in the transaction. Jake McClaughry with W-Retail represented Porter Kyle.
Porter Kyle plans to build a 100-unit, Class A townhome community on the site. The development will feature a mix of one-, two- and three-bedroom units, each featuring two-car direct access garages and private yards. The community will feature upscale amenities such as a clubhouse which overlooks the resort style pool, indoor/outdoor fitness and a resident lounge. Other amenities will include a dog park, children’s play area, and integrated walking paths for residents. Each home will feature high-end finishes, including stainless steel appliances, full size side-by-side refrigerators, granite counter tops, subway tile backsplashes, and private balconies.
Construction of the community will begin this year and is expected to be completed in early 2024.
About Porter Kyle
Porter Kyle entitles, designs, develops and builds modern, energy efficient lifestyle communities that exude style. Designed by award winning architects, the company’s new construction luxury communities live graciously the way modern residents want to live. Porter Kyle is known for its authentic and innovative design, quality construction and personal approach that makes living in their homes an enjoyable experience.
Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 62 countries, our 17,000 enterprising professionals work collaboratively to provide expert real estate and investment advice to clients. For more than 27 years, our experienced leadership with significant inside ownership has delivered compound annual investment returns of 20% for shareholders. With annual revenues of $4.3 billion and $77 billion of assets under management, Colliers maximizes the potential of property and real assets to accelerate the success of our clients, our investors and our people. Learn more at corporate.colliers.com, Twitter @Colliers or LinkedIn.