JPI Adding 397 Apartments to City North Development
JPI is planning a 397-unit apartment complex at City North, the 100-acre master planned community near TSMC in North Phoenix. CityNorth is the fourth phase of multifamily at the mixed-use development.
In addition to retail and office space, the master plan for the site contemplates a multi-phased development with eight multifamily buildings—a residential core with roughly 2,500 units. The third phase of the multifamily residential project, currently under construction, is being developed by Mill Creek Residential. The property is expected to be finished by the end of next year.
CityNorth’s fourth phase would include amenity areas such as a pool, outdoor and indoor dog park, coworking space and a fitness room.
The fourth phase isn’t slated to begin construction until next spring or summer. Sunela and Azur, which represent the first and second phases of the CityNorth residential development, have already been completed. Sunela costs just under $100 million to build.
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout