Investment

‍Evergreen gained control of the property in late-2019. Despite its highly desirable location, the site had largely been overlooked by other developers due to its challenging shape, the large SRP easement along the back side of the property, and Queen Creek’s reputation as a high barrier-to-entry submarket due to demanding expectations from adjacent neighborhood stakeholders, particularly for new multifamily projects. Evergreen proceeded to design a creative triangular site-plan and successfully gained approvals for a luxury 65-unit “build-to-rent” cottage style development, which equates to 12-units per net-acre of developable land. Once completed, the community will offer residents a long list of compelling amenities, including a community building, a pool/spa with shade ramada & grill stations, a dog-park, a playground, and an extensive walking trail network with outdoor exercise stations.