340-unit apartment complex under development in north Phoenix

PHOENIX — A San Antonio-based real estate investment and development firm has closed on Phoenix land it intends to use for a new apartment complex.

EMBREY closed on financing as well as the land for 12th & Greenway, the name for its upcoming 340-unit project near 12th Street and Greenway Parkway, according to a company announcement.

Company leaders said the first move-ins are planned in the third quarter of 2027.

Details about 12th & Greenway, EMBREY apartment complex

The seven-acre community will feature 340 upscale apartment homes in a four-story wraparound design.

Options include townhomes and modern, open-concept layouts averaging 894 square feet. Interiors will showcase 9- and 10-foot ceilings, wood-style plank flooring, quartz countertops, and stainless-steel appliances.

Some units will also offer built-in desks, keyless entry, and double vanities.

It’s also EMBREY’s ninth project in Arizona since it entered the market in 2006, according to Garrett Karam, the company’s chief investment officer.

“12th & Greenway is timed perfectly to meet demand as new supply in the Phoenix market begins to slow,” Karam said in the announcement. “The project will deliver high-quality rental housing in a premier location that’s poised for long-term success.”

It will also have a heated pool, a hot tub with private cabanas, an outdoor kitchen with a fireplace, fitness and yoga studios, a game room, conference and micro-office spaces and a secured, 24-hour package room. There will also be several courtyards, a dog park, a walking trail and shaded community spaces.

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