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US: Rockefeller Group has paid $8.7 million for two sites totalling 16.5 acres in South Phoenix, Arizona.
It plans to develop 152 BTR townhomes on the sites, with construction expected to begin this summer, and occupations from early 2025.
The first site, at 8181 South 20th Street, is 9.2 acres and sold for nearly $5 million. The seller was The Bruckal Group. The second site, at 825 East Euclid Avenue, is 7.3 acres and sold for $3.8 million. The seller was Proximity Rental Homes.
The two- and three-bedroom townhomes will range from 1,100 to 1,525 square feet. Amenities for each property will include a pool, dog park and hot tub.
