P.B. Bell, a real estate development company, is set to finish its first build-to-rent project in early 2022. The Marketside Villas at Verrado in Buckeye will consist of 150 units and have a construction cost of $50 million. According to the Phoenix Business Journal, P.B. Bell has already completed 10 apartment complexes with a total of 3,000 units in the Phoenix metro area.
Located at 21045 W. McDowell Road, this project is expected to be finished by the first quarter of 2025 with some units available for lease by September or October.
The rental rates for these one to three bedroom apartments will range from $1,800 to $2,400 per month and their sizes will vary between approximately750 square feet and nearly1 ,300 square feet . While most two and three bedroom units will be detached homes , single-story units may share walls as seen in many other BTR communities.
Each unit comes equipped with small fenced backyards but only forty have direct access garages . Residents can also enjoy amenities such as a fitness center open around-the-clock , resort-style pool and spa facilities , as well as an on-site pet park .
This marks P.B. Bell’s debut into the build-to-rent market in Buckeye through their new apartment development venture.
