36.55 acres in Phoenix sell for M for build-for-rent project
On the tails of announcing its closing on a 40-acre parcel near the Taiwan Semiconductor Manufacturing Company (TSMC), Empire Group purchases a sec...
On the tails of announcing its closing on a 40-acre parcel near the Taiwan Semiconductor Manufacturing Company (TSMC), Empire Group purchases a second parcel less than a mile up the road. Securing approximately 37-acres for $9.08 million located east of North Valley Parkway and Rancho Laredo Drive. This parcel is the future site for Village at Sonoran Vista, a gated community that will include 240 single-family build-for-rent homes, plus the developer's signature lifestyle amenities. READ ALSO: Here's how build-to-rent housing is impacting Arizona real estate Empire Group is targeted to break ground on Village at Sonoran Vista by late 2022 with leasing to begin by early 2024.