Real Estate

New build-for-rent community breaks ground in Goodyear

230 homes are expected to be completed by the summer of 2023

Posted 8/18/21

The Seattle-based property developer, Isola Communities, has announced the groundbreaking of its new build-for-rent community in Goodyear.

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Real Estate

New build-for-rent community breaks ground in Goodyear

230 homes are expected to be completed by the summer of 2023

Posted

Seattle-based property developer Isola Communities has announced the groundbreaking of its new build-for-rent community in Goodyear.

Isola's 230 single-family homes, called Arrebol Vistas, will be built on 27-acres on the corner of South Cotton Lane and West Elwood Street. The community will have studios, one- and two-bedroom homes ranging in size from 568 to 1,082 square feet.  

Construction of the community is expected to be completed by summer 2023 and will include a heated swimming pool, a fitness center, a dog park and dog-washing station as well as several “pocket parks.”  

“In addition, each home at Arrebol Villas will feature a private backyard with a covered patio, Bosch stainless steel kitchen appliances, smart home technology, and an energy-efficient building design,” the company wrote in an announcement. 

"As soon as we found this amazing location, we knew it was perfect for one of our communities," said Isola Capital Management CEO Jeff LePage. "Not only does it offer easy access to the highway, but there are so many recreational opportunities nearby as well. Arrebol Villas is perfect for people who need to be close to Phoenix but also want to enjoy that beautiful, wide-open Arizona sky."

The company is building four total build-for-rent communities in the Valley, and Arrebol Villas is the third to break ground. It is also expected to be one of the developer’s largest Valley communities.  

While the multifamily property developer is behind at least 10 projects in Washington state, Isola Communities’ expansion to the Valley is recent. 

The company registered LLCs for each of its four planned properties last July with the Arizona Corporation Commission; Isola Elliot (Phoenix), Isola Goodyear, Isola Mesa and Isola Surprise. 

Construction for the first project began in November 2020, though none of Isola’s communities in the Valley have yet reached substantial completion. 

The company’s Surprise development will finally fill the space off of Cactus and Reems roads.

The city of Surprise had for many years attempted to find a business to purchase and develop the land. 

Plans for a gas station, a shopping center and a CVS location at the intersection all fell through over the years, so the city voted in January 2020 to rezone the space residential. 

READ: Greer Ranch vacant lot to become rental housing

The Surprise community will be called Sombremesa Villas, according to the company’s website. 

The Mesa community is named Peralta Vista and is being constructed at Ellsworth Road and University Drive. The grand opening is planned for this fall. 

The community in Phoenix is planned near Elliot Road and 59th Avenue. 

"With each new community we build in Arizona, we continue to strive to ensure that we're providing tenants with top-notch and luxurious amenities," said Harry Nayyar, an Isola Communities partner. "We want every house in our communities to be a place that residents are proud to call their home."

Madeline Ackley can be reached at mackley@iniusa.org or found on Twitter @Mkayackley.

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