NFL Team Owner Building 504-Unit N. Phoenix Apartment Project

NFL Team Owner Building 504-Unit N. Phoenix Apartment Project
News| September 21, 2026| Mike Boyd
Phoenix & Southwest + Apartment Buildings

Garden Communities plans to develop a 504-unit apartment community near Desert Ridge Marketplace in north Phoenix. The Phoenix Business Journal reports the Wilf family, owner of the Minnesota Vikings football team, owns the property. The property is adjacent to Vestar Development Co.’s 1.2 million-square-foot Desert Ridge Marketplace and JW Marriott Phoenix Desert Ridge Resort and Spa.

The company bought the land at a state land auction. Garden Communities paid $44 million for the 41-acre parcel in 2022.

The north side of Phoenix has seen explosive growth, thanks to projects like the Mayo Clinic and the soon to open TSCM plant, which has spawned enormous development activity. The $65 billion chip factory is expected to open next year.

Other News

Northcrest Takes 43 Acres At YZD To Market As Development Moves Into Build Phase

Northcrest Takes 43 Acres At YZD To Market As Development Moves Into Build Phase

Canada + Apartment Buildings

Northcrest Developments is taking a 43-acre employment block at Toronto’s YZD to market as the 370-acre redevelopment of the former Downsview Airport lands shifts from years of planning into construction. PSP Investments acquired the site from Bombardier for $825M in 2018 and created Northcrest to oversee its redevelopment. The former airfield is planned as a...

Learn more
JLL Arranges $113M for Mag Mile Office-to-Residential Conversion

JLL Arranges $113M for Mag Mile Office-to-Residential Conversion

Chicago & Midwest + Apartment Buildings

JLL arranged $113 million in construction financing and joint venture equity for 500 North Michigan Ave. on behalf of Commonwealth Development Partners. The project is currently underway and will involve a 25-story office-to-residential conversion delivering 320 luxury apartments in Chicago’s Magnificent Mile district. The adaptive reuse project will feature 253,024 square feet of space comprising...

Learn more
Troubled 7-Year-Old $31.3M Langford Tower Now Set For Demolition

Troubled 7-Year-Old $31.3M Langford Tower Now Set For Demolition

Canada + Apartment Buildings

Centurion plans to demolish RidgeView Place, a seven-year-old rental tower at 2770 Claude Rd. in Langford, B.C., after years of structural problems, two evacuations and more than $5M spent on repairs. The 11-storey, 90-suite building opened in 2019 as Danbrook One and was acquired by Centurion that August for $31.3M, or $347,778 per suite. By...

Learn more
New call-to-action

Brokers

View All

Lenders

View All