Scottsdale-based developer to build 4 affordable rental projects in Valley
PHOENIX — A Scottsdale-based apartment developer is working to bring more affordable rent to the Valley.
Greenlight Communities is planning four projects in the Phoenix area that will offer monthly rent $300-$500 less than at comparable buildings, according to a press release.
Cabana Washington, located near the Loop 202 Red Mountain Freeway and Washington Street in Phoenix, will begin leasing its 226 units this month and moving in residents in April.
Cabana 12th, near 12th Street and Indian School Road in Phoenix, will have 252 units and follow the same timeline.
The developer also has plans for a complex near Hayden Road and Oak Street in Scottsdale, expected to open this winter, and a Mesa location near Power and Williams Field roads expected to open in spring 2021.
The complexes will offer studio, one-bedroom and two-bedroom apartments and will not be built with any government money, according to the company.
Greenlight Communities said in the release it keeps rent relatively low by streamlining building costs and eliminating expensive extras for residents.
The developer owns its own construction company and employs all of its contractors, which it says saves it money.
“We want to provide teachers, health care workers, first responders and every Arizonan earning a working wage, a home that they can afford in a community they love,” Greenlight co-founder Patricia Watts said in the release.
“When we looked at what is truly affordable … in the market right now, the product simply does not exist.”