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| From left, Watt's Howard Press, Steve Pritulsky and Paul Timm |
PHOENIX, AZ – Officials from Watt Communities of Arizona and
Southern California-based parent company Watt Communities have celebrated the
groundbreaking of Dorsey Lane, a
51-unit, for-sale upscale urban living townhome project in central Tempe,
Arizona.
Dorsey Lane is the first of five infill urban living
communities, with a construction value of more than $25 million, scheduled to
break ground by Watt in metro Phoenix this year.
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| The Project Team at Watt Communities |
Dorsey Lane is located on 3 acres just south of the
southwest corner of Broadway Road 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.
Dorsey Lane is also just one mile from Arizona State
University and the nearby, booming Mill Avenue/Tempe Town Lake employment corridor.
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| Steve Pritulsky |
“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.”
When completed,
Dorsey Lane will offer contemporary, three-story urban townhomes ranging in
size from 1,400 to 1,800 square feet.
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.
“Watt has a decades-long track record of successful urban
residential infill developments,” said Watt Communities President Howard Press.
“We are thrilled with our
partnership in Arizona, with the tremendous sites that Phoenix has to offer and
with the pipeline of projects that we will be delivering here in the year
ahead.”
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| Paul Timm |
“We could not have found a better partner than Watt,” said Paul Timm, COO of Watt Communities of
Arizona. “They understand the importance of matching each unique location with
the specific needs of that submarket.
“We’ve done this at Dorsey Lane, and at all of our sites, to
combine the vibrancy of urban living with all of the comforts of home.”
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 Street and Ocotillo
Road in North Central Phoenix; The
Enclave at 32nd Street, totaling 31 two-story, single family detached homes
near 32nd Street and Cactus Road in
North Phoenix; and the company’s newest project, totaling approximately 27
upscale urban townhomes at 8th Street and Roosevelt in downtown Phoenix.
At Dorsey Lane, BSB Architects serves as the project
architect, CEG is the civil engineer and WCA Development Services is the
general contractor. The construction lender is Sabal Financial.
Watt Communities of Arizona continues to evaluate other
sites in key Phoenix area urban infill markets as well, with the goal of
developing additional quality, attached and higher density detached for-sale
communities.
For more information, contact Pritulsky or Timm at (480)
386-0259.
For a complete copy
of the company’s news release, please contact:
Stacey Hershauer
focusAZ
Marketing & Public Relations
(480) 600-0195
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