The Grove on Glendale: Phoenix, AZ
Project Overview
This development features 56 purpose-built single-family rental homes within a secure, gated community. Designed for modern living, the project combined the privacy of single-family residences with the convenience and stability of a professionally managed rental neighborhood.
- Community Composition:
- 56 detached single-family residences, each tailored for long-term rental demand.
- Residences designed with efficient layouts, private yards, and high-quality finishes to attract both families and professionals.
- Site Details:
- Land Size: Approximately 3.5 acres.
- The master-planned layout maximized community feel while preserving privacy for each home.
- Prime Location:
- Ideally situated near Biltmore Fashion Park, one of Phoenix’s premier shopping, dining, and lifestyle destinations.
- Excellent accessibility to employment hubs, retail, and recreational amenities.
- Project Timeline:
- Start: September 2018
- Completion, Leasing, and Sale: Achieved by December 2020, reflecting strong execution and market demand.
Key Highlights
- One of the early purpose-built rental home communities in the area, capturing the growing Build-to-Rent (BTR) trend.
- Delivered full lease-up and successful exit within months of completion, validating both location and product-market fit.
- Gated access and thoughtful design appealed strongly to long-term renters seeking community and security.
- Prime infill site close to Biltmore added long-term value and strong absorption.