Part 2: Scoping Out Space for Phoenix Residences
In planning for the new Phoenix residences that they will develop, Urban Dencity has been scoping out central Phoenix investment properties. They’ve found various “vacant lots south of Indian School Road,” and have purchased derelict Phoenix houses on Third Street that they will demolish in order to begin building their Phoenix residences by the beginning of next year.
Unlike other “major home builders working on the fringes of metro Phoenix,” Urban Dencity is interested in developing buildings and communities with a small number of Phoenix residences. Rather than trying to attract families, Urban Dencity is building with the urban professional in mind. They know that the area and their Phoenix residences will be of most interest to people working downtown who don’t want to commute or live to far away from the culture and entertainment that the city center offers.
