Fountain Hills
REAL ESTATE
KLMR Homes announces new Ridgeline Model in Fountain Hills development
KLMR Homes, a Scottsdale-based homebuilder, has announced the opening of its new Ridgeline Model at Bellos at The Summit in Fountain Hills. The home is now available for tours and is located at 14834 E. Valley Vista Drive in Fountain Hills. Three homes at Bellos at The Summit have sold...
Living in the ‘First Car-Free Neighborhood in the U.S.’ for $1,472 a Month
In early 2024, Jada Stratman, a 25-year-old entrepreneur, was on the hunt for retail space for her candle business, Brite Candle Co. During her search, she discovered Culdesac, the first car-free neighborhood built from scratch in the U.S. Culdesac, located in Tempe, Arizona, emphasizes biking, walking, and public transit over car usage, offering residents discounts on transportation services like Waymo, a self-driving taxi. The community, which currently houses 180 residents with plans to expand to over 1,000, provides a variety of amenities including a pool, gym, rental cars, light rails, and a free e-bike for each resident. The apartments range from studios to three-bedroom units, with rental prices starting around $1,400 per month. Stratman moved into a live-work space within Culdesac in February, paying $1,472 monthly plus $140 for utilities and Internet. This space features a walk-in closet, a washer, and a dryer, and seamlessly combines her retail shop at the front with her living quarters at the back.
Construction to begin on 15-story student apartment in Tempe
Subtext, a national student and multifamily housing developer, announced June 25 that it will start construction for the development of VERVE Tempe, a 15-story student apartment community located within walking distance of the Arizona State University campus at 1011 E Orange Street.
Mosaic Completes Luxury Build-to-Rent Townhomes In Gilbert
Mosaic, the nation’s leading build-to-rent general contractor, recently completed construction on Town Germann, a new luxury BTR community in Gilbert, Arizona, encompassing 14.5 acres of developed land. Town Germann, by California-based Family Development, adds 209 rental townhomes to the region’s housing stock. According to the Morrison Institute for...
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