Mark-Taylor, Kitchell to team on 590-unit Tempe apartment complex

Scottsdale-based luxury apartment developer Mark-Taylor Inc. is teaming up with Phoenix-based Kitchell Development Co. to erect a giant 590-unit multifamily project in Tempe.

The project will be located on roughly 30 acres near the southwest corner of Warner Road and Priest Drive. It’s on a block of land that, through a joint-venture deal between Mark-Taylor Capital LLC and Kitchell, was recently purchased in two transactions for a total $11.2 million.

Read more about the venture and project in this Phoenix Business Journal article.

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.

Read the rest of the article here: Phoenix Business Journal luxury apartment developers story