NexMetro to Develop Hybrid Single-Family Home Community in Goodyear
- Sep 07, 2014
NexMetro advanced its plan to develop 125 single-family rental homes in Goodyear in late August when it closed on the acquisition of a 9.7-acre site at the northwest corner of Falcon Drive and Indian School Road. The development will be part of the 9,000-acre Palm Valley master-planned community.
Dubbed Avilla, NexMetro’s residential project will be a hybrid. It will offer the physical separation and private backyards typical of single-family homes. As with multi-family communities, however, maintenance and landscaping will be handled by a property management company rather than by the residents.
“Goodyear is a growing, vibrant city and Avilla Homes is a great addition to our community,” noted Mayor Georgia Lloyd in a statement. ” This project gives our diverse population–including our military families–quality housing options.”
The project responds to the growing demand by Millennials and Baby Boomers for residences without mortgages. NexMetro’s portfolio includes about 1,300 homes completed or under construction.
NexMetro has already established a local presence in Chandler, where it has completed 112 units n the first phase of Avilla San Marcos. The second phase is scheduled to this month.
“Out of the many sites we researched for future development for Avilla throughout the Sunbelt, Goodyear, featuring the Palm Valley master-planned community, was the next logical location for us to build, as it is primed to provide the lifestyle that consumers are seeking,” said Josh Hartmann, executive vice president of NexMetro, in a statement. “Goodyear continues to be one of the fastest growing submarkets in Phoenix and the demographics lend themselves well for an Avilla neighborhood.”