Village on Greenway UpdatesMar 26, 2021
- El Mirage, Arizona
- Google Street View
- 194 Doors
- 7 Duplexes, 60 Triplexes
What's a big benefit to building in Phoenix? The weather is great this time of year! FIG's Sherida Zenger just visited our Village on Greenway project and horizontal development has been completed. Utilities are also in place and building pads will be ready to go as soon as construction loans close.
Phase 1 has closed and is already under construction (you'll see partially framed buildings in the video below). Phase 2 closings are well underway, with six left to be completed by the first week in April. We'll continue closing loans as aggressively as possible, with all closings set for completion by July.
Questions about this project? Contact your designated FIG agent here: fig.us/consult
Quick update for Greenway investors. We're at the early stages of horizontal work and getting ready to put utilities in. We've flattened off a good portion of the project, especially on the southwest side of the project where the first couple buildings and triplexes are going to start to take shape over the next couple of months.
It's still early on, but things are moving along. Phases 1-2 close in November and December. As pointed out in the video, we're right next to some commercial buildings (CVS, Little Caesars, etc.) Then on the southeast side our neighbor is Surprise Elementary School.
- We recently got word of two land deals that closed which will bring just under 400 single family homes to El Mirage. More info on that here.
- Arizona Chamber of Commerce held a recent webinar event to discuss COVID's impact on the local economy and projected recovery. After running various simulations based on unemployment and job growth over the last six months--they predicted that Arizona will have some of the fastest economic recovery in the nation. It was projected that the economy is most likely to recover by mid-2021.
Horizontal development is now well underway at the Village on Greenway in El Mirage, AZ! For those of you who have requested more info about this project over the last month, you can see in this video that the site has been cleared, with grading and utility installation in process. We’ve also recorded the final plat and are in the home stretch of recording the remaining state-required public reports. We expect this to be issued near the end of this month. Looking at our next steps, we expect vertical construction to start-up late October/early November!
FIG Investment Agent, Sherida Zenger, visits the construction site of one of our newest fourplex developments going up in El Mirage, Arizona.