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 the site that is slated for completion in 2024.
“The dramatic influx of new residents to the West Valley, combined with the growing number of impressive employers in the area, made this site ideal for a quality home developer,” says Ramey Peru, senior vice president with Colliers in Arizona. “This was the ideal time for our seller to make the land available for development and monetize the asset.”
Gratia Lee Sheppard as Trustee for the Sheppard Family Trust sold the land to Porter Kyle. Peru and John Finnegan of Colliers in Arizona represented the seller in the transaction. Jake McClaughry with W-Retail represented Porter Kyle.
Porter Kyle plans to build a 100-unit, Class A townhome community on the site. The development will feature a mix of one, two and three bedroom units, each featuring two car direct access garages and private yards. The community will feature upscale amenities such as a clubhouse which overlooks the resort style pool, indoor/outdoor fitness and a resident lounge. Other amenities will include a dog park, children’s play area an integrated walking paths for residents. Each home will feature high-end finishes, including stainless steel appliances, full size side by side refrigerators, granite counter tops, subway tile backsplashes and private balconies.
Construction of the community will begin this year and is expected to be completed in early 2024.
The Rodie Company
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