The Related Group, an international developer known for its sophisticated metropolitan ‘for-sale’ condominiums, rental, and mixed-use projects, announced the groundbreaking of their second multi-family project in Arizona called Town Deer Valley at the crossroads of 19th Avenue and Alameda Road in Phoenix.
Located at 24032 North 19th Ave., the new 388-unit multi-family luxury residential apartment homes will be conveniently situated in the desirable area near the Phoenix Deer Valley Airport that serves North Phoenix and the northwest valley.
“We are excited to be expanding Related Group’s footprint in the greater Phoenix area. The Town Deer Valley project is the second of many Southwestern projects to begin in 2021,” said Michael D’Andrea, Southwest Regional Vice President.
The Town Deer Valley signature property was designed by Gary Todd Architects and the builder is GCON. Upon completion it will include open spaces and top-notch amenities, upscale architectural detailing and finishes, and multiple floor plans from which to choose. The first residential units will be available in the second quarter of 2022 with the grand opening slated for fall of 2022.
Shopping and dining amenities are located nearby at Norterra and Happy Valley Town Center. A quick 20-minute drive from The Town Deer Valley will reach downtown Phoenix and downtown Scottsdale, as well as provide easy access to the West Valley via Interstate 17, Loop 101, Loop 303, and State Route 74 Carefree freeways.
In addition, The Town Deer Valley will be ideally located near high-quality regional corporate campuses and affluent master-planned communities. Nearby are world-class resorts, golf, cultural attractions, and outdoor destinations such as the Sonoran Desert Preserve.
“Our projects are designed to inspire Phoenix residents seeking a new type of urban living,” D’Andrea said. “We offer a unique product, one that will stand out and stand the test of time.”
The Related Group is also planning for two additional multi-family projects including a 420-unit project located in Chandler, slated to begin first quarter of 2021, and a Related Group signature project in the North Scottsdale area that will provide an additional 360 multi-family units.
Related Development expects to break ground on more than 20 projects in 2021, which will bring over 6,700 units – valued at over $2.1B – to the Southwestern and Southeastern markets.
Established in 1979 by Jorge Perez, The Related Group is Florida’s leading developer of sophisticated metropolitan living and one of the country’s largest real estate conglomerates. Since its inception, the privately held company has built, rehabilitated and managed over 100,000 condominium, rental and commercial units. The firm is one of the largest Hispanic-owned businesses in the United States with a development portfolio in excess of $40 billion in 40 years.
The Related Group has earned international status for its visionary designs and development of luxury condominiums, market-rate rentals, mixed-use centers and affordable properties – often in emerging neighborhoods that impact the lives of all demographics. The Related Group has redefined real estate by diversifying both its products and buyers, expanding internationally while also sponsoring public art installations that enhance cities’ global culture and streetscapes. TIME Magazine named Founder, Chairman and CEO of The Related Group, Jorge Pérez, one of the top 25 most influential Hispanics in the United States. Currently, The Related Group has over 70 projects in varying phases of development.
