Greystar Real Estate Partners has broken ground on a new apartment community, City North Residential Phase II, in Phoenix, Arizona, US.
The phase will add 348 more residences to the overarching City North master plan. It is being developed alongside equity partner SofMac Partners and lender Security Benefit Life Insurance.
These residences are in addition to the 272 homes that are currently under construction as part of Phase I of the development.
The seven-storey City North Residential Phase II building will feature one and two-bedroom floor plans ranging from 621ft² to 1,439ft².
Five of these seven storeys will be for residential use, with the other two being a parking garage and a rooftop amenity deck.
The rooftop amenity deck will have an advanced fitness centre, resort-style pool and spa, outside cabanas, and other amenities.
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Phase two will consist of boutique, hotel-inspired in-home finishes such as two-toned cabinets, quartz worktops, and designer tile backsplashes.
The ground-floor clubhouse and coworking spaces will have a two-storey volume and storefront glass structure that will allow natural light into the room.
Greystar Development managing director Billy Cundiff said: “We are excited for our partnership with SofMac Partners and Security Benefit Life Insurance Company on the second phase of the City North project.
“City North allows us to deliver a world-class residential development that is adjacent to office space, dining, entertainment and shopping options, which stimulates the local economy and helps Phoenix continue to grow as a desirable destination.”
The community’s pre-leasing phase is scheduled to commence in late 2025, with a completion date set for the second quarter of 2026.
Regarding the design of the project, Lawrence Lake Interiors will oversee interior design, Architects Orange will serve as the main architect, and ABLA as the landscape architect.