Banyan Planning New Development Near Sky Harbor

Credit: Snell & Wilmer/City of Phoenix

By Roland Murphy for AZBEX

Banyan Residential has begun the submittal, review and approval process for its latest Phoenix development.

According to a project narrative submitted to the City of Phoenix on September 23rd, Banyan Residential 48th Street and Washington will be a 515-unit multifamily development at the intersection’s SWC. The company is seeking approval for a Planned Unit Development on the vacant nearly 18-gross-acre site.

Because it is located so close to Phoenix’s Gateway Transit Oriented District, Banyan will use the City’s Walkable Urban Code standards as its guideline, adding in some project-specific adaptations due to site conditions.

The preliminary plan calls for a unit mix of 102 studio, 200 one-bedroom, 198 two-bedroom and 15 three-bedroom units. Construction is planned in two phases, with 321 units coming in Phase 1 and 194 in Phase 2.

The community will offer two central amenities buildings including clubhouse areas, lounges and mobile workspace. Other on-site features include a pool area with cabanas, a dog park, a fitness center, extensive open space with a central park feature, and “other common amenities expected by today’s urban resident.”

The buildings will be four-story wood construction with a maximum height of 56 feet under the PUD standards.

With the TOD-focused design, Banyan Residential 48th & Washington intends to focus on pedestrian comfort throughout the site. According to the submittal, the project will significantly increase residential density and enhance non-automotive travel, given its proximity to light rail and the Phoenix Sky Train, which, it notes, makes it an ideal location for residents who work at or regularly use Phoenix International Sky Harbor Airport.


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