Article written by: Mike Sunnucks Senior Reporter-Phoenix Business Journal
Several new in-fill real estate developments have broken ground or are in the works in Phoenix and Tempe. Santa Monica, California-based Watt Communities has broken ground on a new 51-unit urban townhome project in Tempe. It is the first of five Phoenix-area developments slated by Watt this year. The in-fill developments will total $25 million.
The Dorsey Lane townhomes are located off Broadway Road in Tempe and a mile from Arizona State University’s main campus. Steve Pritulsky, president and CEO of Watt Communities of Arizona. said the townhomse will have three levels and are slated to be completed by August.
Watt also has a 40-unit townhome project slated for the Biltmore area, 16 single family homes near 16th Street and Ocotillo Road in north central Phoenix, a 31-unit single family development near 32nd Street and Cactus Road and is planning 27 townhomes at Eighth and Roosevelt streets in downtown Phoenix. Metrowest Development also broke ground today on a new mixed-use development called Union @ Roosevelt. The project is on vacant lot at Roosevelt and First Avenue in downtown Phoenix.