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MULTIFAMILY NEWS
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Mosaic and Atlantic Jasper Building First Build-to-Rent Neighborhood in Northern Arizona Master-Planned Community

12/15/22

Mosaic and Atlantic Jasper have broken ground on The Flats at Jasper, a new build-to-rent (BTR) community within the nationally-recognized Jasper master-planned community in Prescott Valley, AZ. Atlantic Jasper, developer of The Flats, has partnered with Mosaic to build the 26.1-acre site, which will include 240 horizontal apartment-style build-to-rent units. The project is expected to benefit from the strong housing market in the Prescott area, providing a much needed transitional product type for out-of-town demand, which makes up a large portion of the population.

“We approached the development of the Flats at Jasper with a long-term investment horizon in mind,” said David Brown, co-manager of Atlantic Jasper. “The units feature luxury fixtures and details, a first-class clubhouse, and other amenities designed to provide a competitive advantage in the Prescott market. Mosaic’s previous on-site experience and established area trade partners made them the ideal general contractor to deliver high-quality homes and amenities for the Flats at Jasper.”

This unique BTR community will offer numerous amenities, including a state-of-the-art 5k sf clubhouse with a 24-hour workout facility and meeting spaces, pool, hot hub, spa, dog park and dog wash facilities, along with open spaces and grilling stations throughout the community.

Mosaic has previously partnered with other regional home builders on the Jasper clean-energy community and seeks to build on this success with a new partner, Atlantic Jasper.

The new site will offer four floor plans in a combination of single-family detached homes and duplexes ranging from 760 sf to 1k sf. The homes offer one-bedroom/one-bathroom or two-bedroom/two-bathroom options, with one of the one-bedroom floor plans including a home office space. The community includes detached garages and residents will benefit from walking trails and other amenities within the master plan. Construction is anticipated to finish in 2025.





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