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Company News

As we head into the final quarter of 2025, Porter Kyle is excited to bring you the latest insights shaping housing, investment, and development across Phoenix and beyond. In this edition, we cover key market trends—from the national housing shortage and rental rebound highlighted by JPMorgan and John Burns to Phoenix’s ongoing economic momentum fueled by tech giants like Nvidia and TSMC. We also explore how luxury rental communities are attracting high-net-worth residents, reflecting a broader shift in housing preferences as ownership becomes increasingly out of reach.

We’re also thrilled to share an update from the field: The Wayne in Chandler has completed all underground work, started foundation pours, and will begin vertical construction in the coming weeks. Each article in this newsletter offers actionable insights for investors, renters, and industry professionals alike. Don’t miss a beat—sign up to receive Porter Kyle updates directly and stay informed on the projects, trends, and opportunities driving the Valley’s housing and real estate market forward.

The Wayne Apartments Development

Scottsdale developer charges ahead with $175M worth of housing projects

Scottsdale-based Porter Kyle broke ground on The Wayne, a $60 million, 100-unit townhome project in Chandler. Construction starts are down in the multifamily sector, but one Scottsdale developer isn’t paying attention and is going full speed ahead. Here’s where the developer is building next. Source: https://www.bizjournals.com/phoenix/news/2025/03/05/porter-kyle-scottsdale-developer-housing-projects.html Phoenix Business Journal

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Groundbreaking Partners

Porter Kyle Breaks Ground on West Valley BTR Project

Porter Kyle, a Scottsdale Arizona based multifamily builder and developer has broken ground on The Cleveland, a 100-unit townhome rental community in Goodyear Arizona, and is expected to start leasing next spring. Porter Kyle recently completed construction on The Prescott at Park West in Peoria and just completed construction on

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The Ashley Luxury Townhomes Open in the Heart of Chandler

The Ashley Luxury Townhomes Open in the Heart of Chandler Class A Townhome Community in Chandler, AZ Scottsdale based Porter Kyle announced the opening of the highly anticipated Ashley Luxury Townhomes, in Chandler, AZ. The luxury community designed by Porter Kyle architects and developed by Porter Kyle Builders, is actively

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The Prescott at Park West

Porter Kyle Opens Highly Anticipated Prescott at Park West

Porter Kyle Opens Highly Anticipated Prescott at Park West Class A Townhome Community in Peoria, AZ Scottsdale based Porter Kyle announced the opening of the highly anticipated Prescott at Park West, in Peoria, AZ. The luxury community designed by Porter Kyle architects and developed by Porter Kyle Builders, is actively

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Porter Kyle Opens The Carson in Gilbert, AZ

Porter Kyle Opens The Carson in Gilbert, AZ Class A Townhome Community for Lease Scottsdale, August 2022 – Porter Kyle, a Scottsdale based residential lifestyle developer has opened its newest luxury townhome community at 13200 S Gilbert Rd, in Gilbert, AZ, less than two miles from Gilbert’s Heritage District. Managed

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Porter Kyle Closes on BTR Site

Porter Kyle Closes on BTR Site Class A Townhome Community for Site PHOENIX, July, 2022 – Porter Kyle, a Scottsdale residential lifestyle developer, has paid $2,034,000 for 6.23 acres of land at 1003 N. Sarival Ave. in Goodyear, AZ. The company plans to build a Class A townhome community on

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Porter Kyle Brings Luxury Townhomes Across AZ

Porter Kyle, a Scottsdale-based multifamily builder and developer specializing in horizontal, build to rent space, is quickly adding new luxury townhomes across the Valley, with more than 250 units in different stages of construction and entitlement and the recent sale of their 18-unit Monarch Luxury Townhomes.  Located at 2335 E. Utopia Road in North Phoenix,

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