Scottsdale developer announces new Tucson apartment community

Scottsdale-based multifamily real estate developer, investor and manager MC Companies, 15170 Hayden Road, is bringing a new apartment community to north Tucson.

Set on nine acres at the northeast corner of La Cholla Boulevard and Old Magee Road, The Place at Arroyo Verde will feature 156 studio, one-, two- and three-bedroom units ranging from 764 to 1,408 square feet.

There will be seven contemporary open floorplans with high ceilings, fiber-optic cable, Internet access and a host of amenities, including granite countertops, spacious walk-in closets and all-electric kitchens. The controlled-access community will also serve as a gathering place for residents, with an inviting clubhouse, fitness center, barbecue stations, cabanas and a resort-style swimming pool.

Pets are welcome and there are no breed or size restrictions.

Set to open in mid-March, The Place at Arroyo Verde is a joint venture with global investment firm Carlyle Investment Management LLC. Clark Wayland is the general contractor and Dean Alan Architects is the project architect. National Bank of Arizona is providing the construction loan for the community. Total construction costs are approximately $34 million. The property will be managed by MC Companies’ property management arm, MC Residential.

Visit theplaceatarroyoverde.com for more information.