Phoenix luxury apartment developers rolling out new units

A glut of apartment units forced management companies and owners to sell assets during the economic downturn, but now luxury brands Mark-Taylor Residential Inc. and Trillium Residential are bringing new developments to the market.

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Mark-Taylor has three new multi-family projects teed up for construction

Mark-Taylor Inc. in Scottsdale (Jeff Mark, Scott Taylor, principals) plans to build just under 1,000 new apartment units in three projects located in Chandler, Tempe and Scottsdale. Two of the communities planned in Chandler and Tempe, which account for 607 units, will be developed in ventures with Kitchell Development Co. in Phoenix (Jeff Allen, pres.).