News Ticker

Eastmark to Launch First Apartment Complex

Credit: East Valley Tribune

By Wayne Schutsky for East Valley Tribune

The Eastmark master-planned community will mark a new phase in its development this spring when builders break ground on The Premier, the community’s first apartment complex.

Currently, Eastmark is best known for its inventory of high-end homes from a dozen custom- and production-home builders in the $300K-and-above range. However, the community introduced patio homes and custom homes priced in the low-$200K range over the past year.

Those new offerings – along with the new apartment product – are part of a long-term effort to provide a diversity of housing in the area.

Brookfield Residential is the managing partner for the Eastmark community.

Garilyn Bourgeois, director of marketing at Brookfield Residential said that the “plan was always for a wide variety of custom homes, apartment complexes and condos to integrate residents of all income levels.”

Rental prices for The Premier at Eastmark are unknown, though its sister property, The Premier at Dana Park, charges between $799 for a studio to $1,399 for an apartment with three bedrooms and two baths.

PCS Development expects to break ground on The Premier at Eastmark in May and open the property in spring 2019, developer Andrew Olson said.

Eastmark will notch another first in 2019, when the first commercial development is expected to open in the community.

Evergreen Devco acquired 10.6 acres of land at Signal Butte and Warner Roads with plans to build 36KSF shopping center anchored by a Safeway grocery store.

Evergreen plans to break ground in February 2019 and complete the project in November of that year.

The 216-unit (The Premier at Eastmark) will be located on 8.7 acres at Ellsworth and Ray Roads near in the southwest portion of the community. The complex will feature similar design and amenities geared toward younger renters as The Premier at Dana Park.

Those amenities include a resort-style pool, outdoor yoga space and high-end appliances in each apartment.

Read more at East Valley Tribune.

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