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March 14, 2019 Comments Off on Leon Capital Plans 380-Unit MF in Arizona Views: 1558 National News, Phoenix & Southwest News, Southwest

Leon Capital Plans 380-Unit MF in Arizona

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Dallas-based Leon Capital Group plans to develop a 380-unit multifamily community in Gilbert, AZ, near the SanTan Village Mall. The project, currently named Residences at SanTan Village, is expected to begin construction in summer 2019 and deliver in early fall 2020.

The 15.8-acre site includes six three- and four-story buildings designed in a modern prairie style. In addition to a 1,900-square-foot third-story sky terrace, the community will include a two-tiered zero-edge resort pool with swim-up hospitality and entertainment area.

Leon Capital Group’s Carl Starry says, “We feel fortunate to be completing the last multifamily piece in the SanTan Village area, and feel confident our project fits nicely into Gilbert’s established shopping and entertainment corridor. We also took into account the area’s maturation, from fallow alfalfa fields to destination retail and entertainment, with a design emphasizing modern contemporary elements and glass.”

Alliance Bank of Arizona provided land financing. Phoenix Commercial Advisors’ Zach Pace provided brokerage services.

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