X Social Communities (XSC) by PMG Launches X Phoenix

Property Markets Group | March 20, 2019

PMG is pleased to announce that it’s bringing X Social Communities (XSC) to Arizona with the launch of X Phoenix. With locations already open in Chicago and Miami, the highly anticipated, 253-unit X Phoenix project is set to redefine apartment living in the area – through thoughtful design, activated amenities and shared spaces created to connect residents and promote a community environment.

With XSC, PMG is revolutionizing apartment living in urban cores across the country by bringing community-driven and tech savvy projects to market with attainable rents that address the rising rent epidemic.

“X Social Communities are a housing solution that will transcend cities across the United States,” said Ryan Shear, Principal of Property Markets Group. “X Phoenix is designed for modern professionals to thrive together in homes that they can actually afford.”

Residents have options to rent a gorgeous new apartment furnished or unfurnished, or participate in the Rent-By-Bedroom program for a private bedroom and bathroom with roommates. Rent By Bedroom units remove the hassle of living with roommates by being fully furnished down to the forks and mattress, splitting the bills for residents, and finding roommates for you. All units come with floor-to-ceiling windows, large balconies, built-in closets, Nest thermostats, Alexa smart controls, and an app to manage keyless entry, guest lists, and packages.

With the philosophy that “Life’s Better with Company,” X Phoenix will offer residents a place to experience community through shared spaces such as a ground-floor food hall, an oversized pool deck with an outdoor bar and lounge and a stage and lawn with terraced seating. Residents will also enjoy frequent social events and a double-height amenity level with a social lounge, media wall, co-working lab, modern gym and fitness studio, sky dog park, outdoor amphitheater and much more.

XSC, a 100-employee division of PMG, launched the multi-family division this past year and now have more than $1 billion of development slated, spanning across more than 10 cities and over 10,000 units in the pipeline including in Miami; Fort Lauderdale, Florida; Phoenix; Oakland, California; Chicago; Denver; and beyond. X Phoenix is slated for completion in 2021.

About X Social Communities

XSC is a new multifamily housing division of PMG geared towards delivering the most fun and convenient living experience at an attainable price point. PMG is planning more than 10,000 units for the X Social Communities portfolio across the United States over the next five years. Projects in the pipeline include: the 464-unit X Miami in Downtown Miami, opening in summer 2018; the 1,200-unit X Las Olas in Fort Lauderdale, opening early 2020; the 99-unit X Chicago, opening Summer 2018; and the 220-unit X Denver, opening in 2020.  Several additional projects are being planned in other major markets. For more info, visit www.xliving.co.

About Property Markets Group:

PMG was founded by Kevin Maloney in 1991, and is a premier real estate investment, development and general construction firm. The company is headquartered in New York with offices in Miami and Chicago. PMG is one of the few remaining full-service, large-scale development companies with staff capable of maneuvering all facets of the development process. With direct hands-on experience in the acquisition, renovation, financing, operation and marketing of commercial and residential real estate, PMG has completed 85 residential buildings in New York, Florida, and Chicago, and over 150 real estate projects throughout the United States.

During its 25-year history, PMG has developed projects across all asset types and distinguished itself by focusing on premier luxury residential properties. Consistently enhancing the luxury experience, PMG is notable for meticulously designed projects such as Walker Tower, Stella Tower, The Belnord, The Briarcliffe, The Kingsley, Mei Miami Beach and most recently, Echo Aventura in North Miami Beach. Currently, PMG is in various stages of developing over 5 million square feet of residential property, including 10 Sullivan, Queens Plaza South, Echo Brickell, Muse Residences, 111 Leroy Street, 548 West 22nd St and numerous others throughout New York City, Miami and Chicago.

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