![]() Plans are now underway for the construction of a build-to-rent project on the north side of Phoenix that may cost as much as $250 million to complete. The project, a tree-lined community, is being spearheaded by the Mack Real Estate Group, which is based in New York and will ultimately see the construction of some 438 units. The company paid around $22 million to purchase the 21-acre site for the project at 20620 North 19th Avenue. As envisioned, the project will include both build-to-rent units as well as garden-style apartments. The project will go up near the big under-development $12 billion Taiwan Semiconductor Manufacturing plant. Mack is additionally currently in the process of building a massive industrial center in north Phoenix, as well as a 297-unit rental community at N. 23rd Avenue and W. Pinnacle Peak Road, also in Phoenix. Founded in 2013, the Mack Real Estate Group is defined as an “integrated real estate investor, developer, operator, and lender.” By Garry Boulard
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