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Business
Isola Communities begins construction at Peralta Vista in Mesa
Posted
Isola Communities, a Seattle-based multifamily property developer, has begun construction at Peralta Vista in Mesa, a build-for-rent community.
The first phase of vertical construction will include the leasing office and resident clubhouse in addition to 25 homes and two garages. The remaining 110 homes and eight garages will be constructed over another four phases of construction, with a grand opening anticipated for Fall 2022 and the community expected to be fully completed in early 2023, according to a release.
“We’re very happy to get vertical construction underway at Peralta Vista,” said Isola Communities Partner Jeff LePage. “There has been a lot of anticipation surrounding our new communities, both from inside and outside the organization. So, it’s been wonderful to see that first building being framed, and we’re looking forward to the community taking shape.”
Located on North Ellsworth Road north of East University Drive, Peralta Vista offers residents easy highway access as well as plenty of opportunities for shopping, dining and outdoor recreation within a short drive. The community is spread out over approximately 14 acres and it includes a mix of open one-bedroom and two-bedroom homes in addition to amenities such as a heated swimming pool, dog park, fitness center and grilling stations, the release states.
“We also have three more build-for-rent communities in the Phoenix area that are underway,” Isola Communities Partner Harry Nayyar said in the release. “It won’t be long before we start vertical construction on those communities as well. The next couple of years will be very exciting as our involvement in the area’s residential development continues to grow.”
