
Proposed north-central Phoenix luxury apartments spark neighborhood clasC
A well-known, Atlanta-based developer wants to build a 245-unit complex that strays from the low-density character of the area, and the majority of nearby homeowners are against it.
As this development battle advances, azcentral.com reached out to Director of the Master of Real Estate Development program Mark Stapp on Nov. 25 for his view of the situation:
"That's quite normal and we need it to happen. I think in the long-term for the metropolitan area it's the right development pattern to see. However, to people who live next to it it's disconcerting."
He said that although people who have lived in these areas for a long time see these changes as bothersome, these types of infill projects are "exactly what we should be seeing. This reflects a healthy, urban, growing place."
Latest news
- The surprising dynamics of CMO pay
New research reveals revenue risks of unequal C-suite compensation.
- Inflation nearly flat in metro Phoenix while US prices continue to climb
Inflation is at an all time low in the metro Phoenix area as new inflation report shows recent…
- Stay or go?
New research indicates that societal pressure can influence employees' decisions to leave their…