Housing Trust Group JV Delivers Phoenix-Area Property
The $71 million luxury community offers 288 units.
A joint venture between Housing Trust Group and Treger Partners has completed Aviva – Goodyear, a 288-unit luxury multifamily community in metro Phoenix. The $71 million development broke ground in September 2020. According to Yardi Matrix data, the property is currently subject to a $55.1 million HUD construction loan, originated by Dwight Capital.
Part of the Goodyear suburb, the 11-building asset encompasses one-, two- and three-bedroom floorplans ranging in size between 809 and 1,320 square feet. Apartment interiors feature quartz and granite countertops, stainless-steel appliances, walk-in closets and smart-home automation. Community amenities include a fitness center, two swimming pools, two spas, a basketball court and a dog park, along with a 10,000-square-foot clubhouse with game room, as well as coworking spaces with a private conference room.
A convenient Goodyear location
Located at 4175 N. Falcon Drive, the 16-acre site is in proximity of Interstate 10, placing it 21 miles from downtown Phoenix and offering residents access to large employers in the metro, such as Wells Fargo, Bank of America and JPMorgan Chase. The community is also close to the Pebble Creek Parkway retail corridor and its multiple shopping and dining options.
Housing Trust Group President & CEO Matthew Rieger stated in prepared remarks that one of the main focuses for the development of Aviva was incorporating larger common areas, to accommodate remote work trends and the growing demand for health and wellness options. John Carlson, president of Mark-Taylor Residential, the firm managing the community, mentioned the historic growth that the Northwest Phoenix market has been experiencing.