Greystar has broken ground on Marlowe Peoria Place, a new Marlowe-branded multifamily apartment community in Peoria, Arizona, US.
The development is part of Greystar鈥檚 Peoria Place master plan that will encompass more than 700 apartments, 255 build-to-rent homes, and 400,000ft虏 of logistics space.聽
Located west of Grand Avenue and south of Monroe Street, Marlowe Peoria Place will feature 370 apartment units with one- and two-bedroom options.聽
The three-storey community will offer residences ranging from 650ft虏 to 1,180ft虏, designed to provide both comfort and luxury.聽
The development will feature quartz countertops, two colour schemes, stainless steel appliances, and a variety of community amenities.聽聽
These include a 1,200ft虏 fitness centre, two dog parks,聽a pickleball court, a coworking space within the clubhouse, and a pool with cabanas and a spa.聽
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By GlobalDataThe architectural style of the community draws inspiration from聽the Spanish desert, incorporating its elements throughout the master plan.聽聽
Greystar Development managing director Billy Cundiff said: 鈥淢arlowe Peoria Place is an important piece in the overall Peoria Place master plan.
鈥淢arlowe Peoria Place will highlight the entrance to Old Town Peoria with a public art piece and bring 4,900ft虏 of retail space that will serve as an amenity to the entire area. This project is truly a partnership between the city and Greystar to get the master plan of the ground.鈥澛�
Greystar’s equity partners for this project include Link Capital Partners and BCI Asset Management.聽
