By 29th Street Capital
29th Street Capital has successfully closed on the purchase of 20 acres of Opportunity Zone land in Apache Junction.
The site is approved for the development of 201 build-for-rent homes, with construction anticipated to begin in the fourth quarter of this year.
The 201 homes will consist of 164 detached single-family and 37 duplex homes spread over the entire site and will include features such as open floor plans, quartz countertops, in-unit washer and dryers, modern vinyl flooring, and private patios. The gated community will also feature a resort-style pool and lounge deck, clubhouse, fitness center and dog park. 29th Street Development, the development team of 29SC, will lead all development and construction efforts for the project, while 29SC’s property management company, Haven Residential, will oversee management and leasing.