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Joint venture to add 500 luxury units near Phoenix semiconductor factory

Top-tier rents struggle, but market could benefit from slowdown in new unit openings
Phoenix-area projects such as Acero Eastmark, which opened in 2022 with high-end amenities during a surge in rent growth, have struggled to keep pace amid a flood of new supply. (CoStar)
Phoenix-area projects such as Acero Eastmark, which opened in 2022 with high-end amenities during a surge in rent growth, have struggled to keep pace amid a flood of new supply. (CoStar)
CoStar News
December 20, 2024 | 9:46 P.M.

A trio of companies are forming a joint venture to bring more than 500 luxury apartments to the North Valley market in Phoenix.

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