Metrowest Development — the infill developer of a number of projects on Roosevelt Row -will start construction later this year on a second phase of townhouses at Fourth Avenue and McKinley Street. Metrowest also recently rehabilitated and sold two long empty, city-owned homes on Second Avenue. Metrowest partner Matt Seaman said the residences were built in 1904 and 1909, respectively.
The 10-unit Third Avenue project is under construction. Seaman said it’s already sold out with the 1,700-square foot, two-car garage units priced around $350,000.
Like other urban developers in downtown and central Phoenix, he’s seen demand from empty nesters and some middle-age suburbanites curious about urban living.
Metrowest will start construction later this year on 18 additional townhouses at the Fourth and McKinley site. Both projects sit on longstanding vacant lots north of downtown Phoenix. The Fourth Avenue townhouses will deliver in 2016.
Article written by -Mike Sunnucks
Phoenix Business Journalhttp://www.bizjournals.com/phoenix/news/2015/05/13/roosevelt-row-developer-building-secondphase-of.html