By Angela Gonzales | Phoenix Business Journal
Avenue North, which has been busy developing $200 million build-to-rent communities in south Phoenix, has launched a construction company to build projects for other developers and owners.
The goal of this new third-party construction firm is to build 1,000 units a year, said Ryan Hartman, chief vision officer for Scottsdale-based Avenue North. It will operate as an affiliate of Avenue North.
“We’re interested in providing a service to other developers in capturing the opportunity of the build-for-rent pipeline that we’ve been building for ourselves; using that experience to help other developers get their projects out of the ground as well.”
Plans call for hiring a senior estimator and additional site superintendents as Avenue North Construction grows, he said.
Read more (subscriber content)
Some stories may only appear as partial reprints because of publisher restrictions.