What's Hot

    Phoenix Construction Costs See 4.8% Q3 Annual Change

    September 26, 2025

    Peoria Council Okays Commercial to Residential Rezone

    September 26, 2025

    Glendale Council Hears Annexation Plan for Industrial Development

    September 26, 2025
    Facebook Twitter Instagram
    AZBEX
    NEWS TICKER
    • [September 26, 2025] - Phoenix Construction Costs See 4.8% Q3 Annual Change
    • [September 26, 2025] - Peoria Council Okays Commercial to Residential Rezone
    • [September 26, 2025] - Glendale Council Hears Annexation Plan for Industrial Development
    • [September 26, 2025] - Valutek Moving Forward with New 45KSF Headquarters and Warehouse in Phoenix
    • [September 26, 2025] - Arizona Projects 09-26-25
    • [September 24, 2025] - Yuma Funding CIP Projects with $116M Bond Issuance
    • [September 23, 2025] - 100KSF MOB Planned at Chandler Regional Medical Center
    • [September 23, 2025] - Builder Sales Expectations Up, Sentiment Steady in September
    Facebook Twitter YouTube LinkedIn
    • Home
    • News
      1. View Latest
      2. ✎ Planning & Development
      3. 📰 Local News
      4. 🔎︎ Classifieds
      5. 🕵 Editorial Analysis
      6. 💰 Budgets & Funding
      7. 🏢 Commercial Real Estate
      8. 👔 People on the Move
      9. 🌵 Arizona Projects
      10. 🏛️ Legislation & Regulations
      11. 📈 Trends

      Phoenix Construction Costs See 4.8% Q3 Annual Change

      September 26, 2025

      Peoria Council Okays Commercial to Residential Rezone

      September 26, 2025

      Glendale Council Hears Annexation Plan for Industrial Development

      September 26, 2025

      Valutek Moving Forward with New 45KSF Headquarters and Warehouse in Phoenix

      September 26, 2025

      Renovations Continue to Lead Arizona’s Booming Hotel Development Sector

      September 19, 2025

      CivicGroup to Repurpose Former Glendale Courthouse Site

      September 19, 2025

      Beale Infrastructure Confirms Updated Plans for Pima County Tech Investments

      September 19, 2025

      Tucson Planning to Study Data Center Restrictions

      September 17, 2025

      Scottsdale Hospitals War May Heat Up with New Banner Request

      July 29, 2025

      Glendale Voters to Determine VAI Resort’s Fate

      May 16, 2025

      Legislation Would Effectively Strip NIMBYs of Referendum Tool

      February 11, 2025

      2025 Forecast Tries to Clarify an Uncertain Market

      February 7, 2025

      Yuma Funding CIP Projects with $116M Bond Issuance

      September 24, 2025

      RTA Funding Proposal Stirs Controversy

      August 15, 2025

      Ariz. LIHTC to Sunset Under New Budget

      July 8, 2025

      State Government Shutdown Averted as Hobbs Signs Budget

      July 1, 2025

      Commercial Real Estate 09-23-25

      September 23, 2025

      Commercial Real Estate 09-16-25

      September 16, 2025

      Commercial Real Estate 09-09-25

      September 9, 2025

      Commercial Real Estate 09-02-25

      September 2, 2025

      Industry Professionals 09-23-25

      September 23, 2025

      Industry Professionals 09-16-25

      September 16, 2025

      Industry Professionals 09-09-25

      September 9, 2025

      Industry Professionals 09-02-25

      September 2, 2025

      Arizona Projects 09-26-25

      September 26, 2025

      Arizona Projects 09-19-25

      September 19, 2025

      Arizona Projects 09-12-25

      September 12, 2025

      Arizona Projects 09-05-25

      September 5, 2025

      Scottsdale to File Notice of Claim Over Axon Bill

      September 16, 2025

      Environmentalists Sue ADWR Over Benson-Area Developments

      September 2, 2025

      Pima County Latest to Amend Zoning for Data Centers

      August 22, 2025

      Tucson City Council Likely to Approve Water Restriction on Large

      August 19, 2025

      Builder Sales Expectations Up, Sentiment Steady in September

      September 23, 2025

      Ariz. Construction Added 2,900 Jobs in August

      September 23, 2025

      Renovations Continue to Lead Arizona’s Booming Hotel Development Sector

      September 19, 2025

      Construction Backlog Down, Confidence Steady

      September 19, 2025

      Phoenix Construction Costs See 4.8% Q3 Annual Change

      September 26, 2025

      Peoria Council Okays Commercial to Residential Rezone

      September 26, 2025

      Glendale Council Hears Annexation Plan for Industrial Development

      September 26, 2025

      Valutek Moving Forward with New 45KSF Headquarters and Warehouse in Phoenix

      September 26, 2025
    • AZBEX
      • Subscribe
      • Solicitations
      • Classifieds
      • Advertising
    • DATABEX
      • DATABEX Log-In
      • Webinars
      • Monthly Snapshot
    • Events
      • 2025 Public Works Conference
    • About Us
      • Meet the Company
      • Meet the Sales Team
      • Meet the Editorial Team
      • Meet the BEXperts
    • CIP Special Report
    AZBEX
    Home » Planning & Development » Sterling Plans 1st Ground-Up Project in Avondale
    Planning & Development

    Sterling Plans 1st Ground-Up Project in Avondale

    BEX StaffBy BEX StaffNovember 16, 2021No Comments2 Mins Read
    Credit: Sterling Real Estate Partners
    Share
    Facebook Twitter LinkedIn Pinterest Email

    By Sterling Real Estate Partners

    Sterling Real Estate Partners recently acquired 9.6 acres of land with plans to develop a 238-unit, Class A apartment complex in the heart of Avondale’s rapidly expanding community. The property will feature luxury unit interiors, a resort style pool, fitness center and furnished outdoor lounge.

    The land is located in a Qualified Opportunity Zone.

    The project will help serve the 7.9% population growth projected over the next five years. Avondale has seen its population grow by 21.4% since 2010 and has been accompanied by rent growth of 14.3% in 2021 alone. The city has been recognized as a hub for healthcare, manufacturing, highly skilled and well-educated residents, and known as a world class sports destination. Home prices in Avondale and neighboring Goodyear have risen 37.9% over the past year, up to a median sale price of $400K. This has led to an affordable housing shortage in the area, creating an underserved demand for apartment living.

    The proposed community will feature an array of one-, two-, and three-bedroom units exhibiting modern finishes with quartz countertops, stainless steel appliances, vinyl plank flooring, and in-unit washer/dryers. Units range in size from 551SF to 1,100SF with select units also including garages. The project is expected to begin in May of 2022 with completion estimated for Q4 of 2023.

    Sterling is a multifamily investment company that has executed heavy value-add projects throughout Arizona, Texas, and Nevada. The proposed project will mark the first ground-up development for the company’s expanding Arizona portfolio. (Source)

    apartments/condos Avondale Class A luxury apartments multifamily opportunity zone Private Sterling real Estate Partners
    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email

    Related Posts

    Phoenix Construction Costs See 4.8% Q3 Annual Change

    September 26, 2025

    Peoria Council Okays Commercial to Residential Rezone

    September 26, 2025

    Glendale Council Hears Annexation Plan for Industrial Development

    September 26, 2025

    Leave A Reply Cancel Reply

    You must be logged in to post a comment.

    Our Picks

    Phoenix Construction Costs See 4.8% Q3 Annual Change

    September 26, 2025

    Peoria Council Okays Commercial to Residential Rezone

    September 26, 2025

    Glendale Council Hears Annexation Plan for Industrial Development

    September 26, 2025

    Valutek Moving Forward with New 45KSF Headquarters and Warehouse in Phoenix

    September 26, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • LinkedIn
    • YouTube
    Don't Miss
    Planning & Development

    Phoenix Construction Costs See 4.8% Q3 Annual Change

    September 26, 20250

    By Roland Murphy for AZBEX Construction costs and market fluctuations are combining to create a…

    Peoria Council Okays Commercial to Residential Rezone

    September 26, 2025

    Glendale Council Hears Annexation Plan for Industrial Development

    September 26, 2025

    Valutek Moving Forward with New 45KSF Headquarters and Warehouse in Phoenix

    September 26, 2025

    BEX serves architecture, engineering and construction firms as well as all the ancillary product and service categories that market to them. These include manufacturing representatives, public agencies and private real estate organizations, specialty subcontractors and services providers related to our industry.

    Our Picks

    Phoenix Construction Costs See 4.8% Q3 Annual Change

    September 26, 2025

    Peoria Council Okays Commercial to Residential Rezone

    September 26, 2025

    Glendale Council Hears Annexation Plan for Industrial Development

    September 26, 2025
    Contact Us

    Phone: 480-709-4190
    Address: P.O. Box 12196 Tempe, AZ 85284
    Email: sales@azbex.com

    Type above and press Enter to search. Press Esc to cancel.