NRP Planning Casa Grande Affordable Housing Venture
The NRP Group is eyeing a 336-unit affordable multifamily residential community at 1400 N. Promenade Pkwy. in Casa Grande. The project will be financed under the 4% Low-Income Housing Tax Credit program. Final local government approval is expected soon.
AZBEX reports that the land, now farmland owned by Walton Global Holdings, is part of a 591-acre master plan.
The site is next to the soon-to-be-developed Promenade Village Build-to-Rent community site, and the Promenade Shopping Center lies to the south (photo).
The Casa Grande Apartment Homes will consist of a 9,500-square-foot clubhouse and 12 three-story residential buildings.
The clubhouse will include a resident lounge, business center, fitness center and community room. Other planned amenities include a dog park, swimming pool, barbecue area, soccer field and a volleyball court.
The NRP Group is the developer. The design firm is Biltform Architecture.
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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