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3/06/15
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Dorsey Lane, a 51-unit, for-sale upscale urban living townhome project in central Tempe, AZ, has just broken ground. Dorsey Lane is being developed by Watt Communities of Arizona, a division of SoCal-based Watt Communities.
Dorsey Lane is the first of five infill urban living communities, with a construction value of more than $25 mil, scheduled to break ground by Watt in metro Phoenix this year. BSB Architects is the project architect for Dorsey Lane, while CEG is the civil engineer and WCA Development Services is the general contractor. The construction lender is Sabal Financial.
When completed, Dorsey Lane will offer contemporary, three-story urban townhomes ranging in size from 1.4k sf to 1.8k sf. Each townhome is designed with its own two-car garage and features community amenities such as a gated entry, pool/ramada/sundeck, outdoor poolside kitchen and landscaped paseos. Pricing for Dorsey Lane will be released as its models near completion in mid-2015. The project is scheduled to open in August.
Dorsey Lane is located on three acres just south of the southwest corner of Broadway Rd and Dorsey Lane in Tempe. It is surrounded by Dorsey Crossing, a mixed-use residential, office and commercial services project, and within minutes of the Loop 101, Loop 202 and US 60 Superstition freeways. The project is also just one mile from Arizona State University and the nearby, booming Mill Avenue/Tempe Town Lake employment corridor.
“Tempe is a mecca for new corporate office developments, drawn to the area’s highly educated employees and fantastic dining, shopping and entertainment,” said Steve Pritulsky, President and CEO of Watt Communities of Arizona. “It is where companies want to be and where employees want to live. We are ready to fill that need with a product that moves residents from renting to owning, while still maintaining an urban lifestyle.”
In addition to Dorsey Lane, Watt will break ground on four other for-sale, metro Phoenix infill residential projects this year. These developments include: Biltmore Living, a 40-unit urban townhome project in the Camelback Corridor; 16 Ocotillo, a gated community totaling 16 single-family detached homes at 16th St and Ocotillo Rd in North Central Phoenix; The Enclave at 32nd Street, totaling 31 two-story, single family detached homes near 32nd St and Cactus Rd in North Phoenix; and the company’s newest project, totaling approximately 27 upscale urban townhomes at 8th Street and Roosevelt in downtown Phoenix.
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