By ABI Multifamily
ABI Multifamily announced the $10.5M sale of FirstStreet at the Ballpark, a land deal located in Goodyear.
Located on the SEC of Estrella Parkway and West Lower Buckeye Parkway, the 25.6-acre site is in a designated Opportunity Zone and contiguous to the spring training facilities for the Cleveland Indians and Cincinnati Reds spring training facility.
The preliminary plan for the site consists of a total of 251 units arranged in a combination of single-story individual and duplex buildings featuring one, two, and three-bedroom configurations ranging from 800SF to 1,500SF. A clubhouse with a built-in fitness center, yoga studio, lounge/game room, and kitchen and other common amenities such as a swimming pool, spa, sunning deck, fire pit, bocce ball and cornhole courts, barbecue grills, and picnic area are currently planned. The plan also includes ample parking space in the form of open/covered spaces and private garages.
FirstStreet at the Ballpark is located near numerous economic drivers, such as Chewy, Amazon and several data centers, in addition to the Phoenix Goodyear Airport. The site is also near major transportation thoroughfares such as the I-10 Highway, Loop 303, and US-85 highways.
ABI Multifamily’s Patrick Burch and John Klocek represented buyer Harvard Investments and the Arizona-based seller in this transaction. (Source)