Work starts on multifamily housing development at Phoenix’s City North project
Dec 26, 2021, 7:15 AM | Updated: 4:51 pm
PHOENIX — Work has started on the first phase of a multifamily housing development at a 100-acre mixed-use project in north Phoenix.
Groundbreaking of the multifamily housing development marks the first vertical element for the City North project, which is being built next to Desert Ridge Marketplace near 56th Street and Loop 101.
City North upon completion will include 3,000 residential units, 1.8 million square feet of corporate office space, 620 hotel rooms and up to 100,000 square feet of retail and restaurant space, according to a press release.
The first phase of the multifamily housing development at City North is set to feature 272 residences across 12 floorplans made up of one, two and three bedroom options.
Real estate company Greystar will build, own and manage the multifamily development portion of the City North project. The first phase is expected to open in the summer of 2023, with leasing beginning the winter prior.
“Seeing the growth and activity happening at City North is incredible,” Christine Mackay, director of community and economic development for the city of Phoenix, said in the release.
“This is an amazing location for the workforce to live in a truly walkable environment and is at the center of the activity along the Loop 101. City North is a place where thought-leading companies will find it easy to grow and attract the workforce they are looking for.”
Amenities of the first phase of the multifamily development will include a pool, fitness center, workspace, courtyard, bike storage room and dog spa.
There will also be a multipurpose deck built on the fourth floor using sustainable and recycled materials, the real estate company said.
Developer Crown Realty acquired the property for the City North project back in 2019 following a long-running bankruptcy case.