Greystar Real Estate Partners LLC, a real estate firm focused on the investment, development, and management, has broken ground on City North Residential Phase II in Phoenix.
The seven-story City North Residential Phase II will add 348 residences to the 272 that are currently underway in Phase I. Floorplans will be available in one- and two-bedroom layouts that range from 621 square feet to 1,439 square feet. Preleasing for the community is slated to begin in late 2025, with final completion planned for the second quarter of 2026.
“We are excited for our partnership with SofMac Partners and Security Benefit Life Insurance Company on the second phase of the City North project,” said Billy Cundiff, managing director of development at Greystar. “City North allows us to deliver a world-class residential development that is adjacent to office space, dining, entertainment and shopping options, which stimulates the local economy and helps Phoenix continue to grow as a desirable destination.”