The Towns on 28th: Phoenix, AZ
Project Overview
This exclusive 21-unit townhouse development stands out as the only for-rent subdivision in the prestigious Biltmore neighborhood of Phoenix, a community renowned for its luxury lifestyle and home to the iconic Waldorf Astoria Biltmore Hotel & Spa. Purposefully designed to meet the rising demand for high-quality rental housing in premium neighborhoods, the project offered residents a rare combination of location, design, and exclusivity.
- Community Composition:
- 21 modern townhouse residences, each offering open floor plans, contemporary interiors, and private outdoor living areas.
- Designed to balance functionality with upscale design features, appealing to professionals and families seeking a refined rental lifestyle.
- Prime Location:
- Nestled in the heart of the Biltmore neighborhood, one of Phoenix’s most coveted residential and lifestyle destinations.
- Close proximity to upscale shopping, dining, golf courses, and the Waldorf Astoria Biltmore Hotel & Spa.
- Project Timeline:
- Construction Commenced: April 2019
- Completion, Lease-Up, and Sale: Achieved by May 2021, underscoring strong execution and high absorption in a competitive market.
Key Highlights
- First and only for-rent subdivision in the prestigious Biltmore area, making it a true market differentiator.
- High rental demand due to the luxury address and limited rental supply within the neighborhood.
- Successfully leased and sold within months of completion, delivering excellent returns and proving the strength of the build-to-rent model in upscale submarkets.
- Positioned at the intersection of luxury living and investment opportunity, ensuring long-term value for both residents and investors.