Frankel Family Trust Kicks Off Phoenix Project
The community is part of a 150 acre-plus mixed-use development.
The Frankel Family Trust has started construction on Tuscany at Gabriella Pointe, a 760-unit luxury community in Gilbert, Ariz.
This marks the first groundbreaking inside the mixed-use Gabriella Pointe Commerce Center. The 152-acre park is set to include 56.4 acres dedicated to commercial use, 57.5 acres for a business park and 39 acres for multifamily development.
Tuscany at Gabriella Pointe received the green light last January, according to East Valley Tribune. The development team also includes Foursite Consulting and BMA Architecture, while CHASSE Building Team serves as general contractor.
Initial occupancy is expected in the summer of 2025; afterward, the contractor intends to deliver one to two buildings every 30 to 60 days.
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Set to comprise 14 three-story buildings and three four-story buildings, the community will encompass one- to three-bedroom floorplans. Apartments will feature smart technology including wireless door locks and thermostat control, granite countertops and stainless-steel appliances.
Community amenities will include a clubhouse with game room, a gym, numerous sport courts, private workstations, a conference center, a sauna, a garden and three swimming pools with cabanas and fireplaces, among others.
Located at 3545 E. Warner Road, the site is 4 miles south of U.S. Route 60, as well as 5 miles northwest of the Phoenix-Mesa Gateway Airport and roughly 28 miles southeast of downtown Phoenix. Employers such as Banner Health and Wells Fargo are within a 10-mile radius.
Greater Phoenix multifamily pipeline fizzles out
Last year through November, developers broke ground on 16,872 units in Greater Phoenix—surpassing 2022’s recorded construction starts, which totaled 15,657 units during the same period—according to a recent Yardi Matrix report.
Lumara was one of the projects that debuted last year. A joint venture between Toll Brothers Apartment Living and Willton Investment Management kicked off the development of the 456-unit luxury community after securing $86 million in construction financing from Santander Bank.
In 2024’s first quarter, more than 2,100 units in Greater Phoenix entered the development pipeline, a sharp decrease from last year’s activity, when construction started for roughly 5,100 units in the first three months, Yardi Matrix data shows.
