Greystar launches City North Residential Phase II to expand Phoenix housing options

As Phoenix‘s skyline continues to evolve, Greystar Real Estate Partners has officially initiated construction on the much-anticipated City North Residential Phase II. This move promises to bolster Phoenix’s housing market by adding 348 residences, complementing the 272 units from the ongoing Phase I.

Expansion of Luxury Living in Phoenix

Billy Cundiff of Greystar heralded the partnership with SofMac Partners and Security Benefit Life Insurance Company for the second phase of the City North project, envisioning a state-of-the-art residential development. Designed to offer a blend of luxury and convenience, the project is strategically adjacent to office spaces, retail, and dining, enhancing the local economy and bolstering Phoenix’s appeal.

Phoenix Real Estate Grows with City North Residential Phase II by Greystar Real Estate Partners. Photo courtesy of Greystar/PRNewswire.

Sophisticated Residences and Amenities

The upcoming seven-story building is set to feature sophisticated one- and two-bedroom units, ranging from 621 to 1,439 square feet. Noteworthy for its boutique hotel-inspired finishes, residents will enjoy quartz countertops and designer backsplashes. The community’s crown jewel, a seven-story rooftop amenity deck, will include a modern fitness center, resort-style pool, and outdoor cabanas.

Embracing the High Street Lifestyle

Strategically located within the City North master plan, the development offers residents convenient walking access to a myriad of amenities along High Street, further elevating the urban living experience. The proximity to major employers like Mayo Clinic and American Express underlines the community’s potential as a nexus for economic growth.

Timeline and Creative Visionaries

With preleasing expected to commence in late 2025 and completion targeted for the second quarter of 2026, the project’s aesthetic and design are under the creative guidance of Lawrence Lake Interiors, Architects Orange, and landscape architect ABLA. City North Residential Phase II is a testament to Greystar’s commitment to shaping Phoenix’s real estate landscape, crafted in collaboration with equity partner SofMac Partners and lender Security Benefit Life Insurance Company.