TerraLane Buys Queen Creek Land, to Build BTR Community
TerraLane Communities acquired 22 acres in Queen Creek, Arizona, to develop TerraLane at Hudson Station. The new rental community will include 218 homes, including single-level and two-story townhomes.
Located at the southeast corner of 220th Street and Queen Creek Road, the new community will include:
- 24 single-story two-bedroom duplex units (approximately 1,450 square feet)
- 97 three-bedroom townhomes (approximately 1,650 square feet)
- 97 four-bedroom townhomes (approximately 1,850 square feet)
Community amenities will include a gated entrance, heated swimming pool and jacuzzi, fitness center, grass park, shaded tot lot, BBQ stations, valet trash service, and on-site maintenance. All homes will be pet-friendly with built-in doggy doors.
TerraLane is partnering with general contractor Hancock Builders to construct TerraLane at Hudson Station. 400 Capital Management and Western Alliance Bank are providing financing for the project. Construction has commenced, and leasing is anticipated to begin in 2027.
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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