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10444 N Cave Creek Rd - Valle View at the Pointe 4.76 Acres of Residential Land in Phoenix, AZ 85020
INVESTMENT HIGHLIGHTS
- Rare urban-infill multifamily assemblage development opportunity surrounded by the Phoenix Mountain Preserve and the North Mountain Preserve.
- Six contiguous parcels assembled, zoned R-5, yielding 240 units under current plan (271 units with bonus).
- Valle View at the Pointe is a proposed outdoor-oriented community with great views, a full suite of on-site amenities, and access to mountain parks.
- This multifamily assemblage development opportunity is conveniently surrounded by natural beauty and access to I-17, I-10, and nearby amenities.
- Centrally located in the Phoenix Metro, within 25 minutes from both Downtown Phoenix & the Taiwan Semi-Conductor Factory (TSMC).
EXECUTIVE SUMMARY
On the north side of Phoenix, nestled within an enclave of foothills called the Phoenix Mountain Preserve and the North Mountain Preserve, 10444 N Cave Creek Road is a unique and inherently attractive site for multifamily development named Valle View at the Pointe. The mountain preserves offer residents many parks, trails, and other amenities to explore. The site sits high enough to provide panoramic views of the mountains, the Valley, and Downtown Phoenix, near the iconic Pointe Hilton Tapatio Cliffs Resort.
Allante took notice of this site in 2017, but it was not yet ripe for development. Following the economic growth during the last market cycle, this is one of only a few sites with proper zoning already in place for multifamily development. Rezoning of a portion of the site was recently approved. The assemblage now has uniform R-5 zoning which will yield 240 MF units (271 units with bonus) in a four-story format wrapped around structured parking. (The potential for bonus density may be available if the ultimate site plan satisfies development criteria.)
Early phase development planning is in progress. Allante has assembled a high-quality development team, including rezoning legal counsel, neighborhood relations consultants, general contractors, architects, engineers, and other professionals. Co-development proposals may be considered.
Given the explosive demand growth for apartments in the Phoenix Valley, there is a corresponding, unsatisfied demand for land with multifamily zoning. The proposed development, Valle View at the Pointe, offers inherently desirable natural amenities of mountain parks, pet-friendly walking/hiking trails, and convenient access to highways, major employers, and retail. Common area amenities and upper-level units will boast some of the best views in the Phoenix Valley.
Allante took notice of this site in 2017, but it was not yet ripe for development. Following the economic growth during the last market cycle, this is one of only a few sites with proper zoning already in place for multifamily development. Rezoning of a portion of the site was recently approved. The assemblage now has uniform R-5 zoning which will yield 240 MF units (271 units with bonus) in a four-story format wrapped around structured parking. (The potential for bonus density may be available if the ultimate site plan satisfies development criteria.)
Early phase development planning is in progress. Allante has assembled a high-quality development team, including rezoning legal counsel, neighborhood relations consultants, general contractors, architects, engineers, and other professionals. Co-development proposals may be considered.
Given the explosive demand growth for apartments in the Phoenix Valley, there is a corresponding, unsatisfied demand for land with multifamily zoning. The proposed development, Valle View at the Pointe, offers inherently desirable natural amenities of mountain parks, pet-friendly walking/hiking trails, and convenient access to highways, major employers, and retail. Common area amenities and upper-level units will boast some of the best views in the Phoenix Valley.
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Lot Size | 4.76 AC |
| Lot Size | 4.76 AC |
Six contiguous parcels assembled. R-5 Zoning. Site yields 240 multifamily units.
NEARBY AMENITIES
RESTAURANTS |
|||
|---|---|---|---|
| Cela's Pizza | Pizza | $ | 17 min walk |
| The Lounge | Pizza | $$$ | 21 min walk |
| Scramble | American | - | 21 min walk |
| Burger King | - | - | 22 min walk |
RETAIL |
||
|---|---|---|
| Circle K | Convenience Market | 2 min walk |
| Fry’s Food Stores | Supermarket | 18 min walk |
HOTELS |
|
|---|---|
| Hilton |
584 rooms
5 min drive
|
| Hilton |
432 rooms
8 min drive
|
| Sheraton Hotel |
342 rooms
9 min drive
|
| Embassy Suites by Hilton |
270 rooms
10 min drive
|
| Extended Stay America Select Suites |
121 rooms
10 min drive
|
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $173,505 | Total Assessment | $187,731 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$173,505
Improvements Assessment
$0
Total Assessment
$187,731
ABOUT THE SELLER
Read More
SALE ADVISOR
SALE ADVISOR
Matt Gehrke
Results-oriented executive and advisor to Allante’s leadership team, driving strategy and business results, ensuring regulatory compliance, managing legal risk, and reducing outside professional fees. Delivers creative, practical solutions to complex problems and closes transactions. Drawing from broad experience in several industries, client representation in complex litigation, and two decades of real estate practice, he provides expertise in private equity syndication and all phases of real property finance, acquisition, development, management, and disposition. Matt graduated from the University of Colorado in 1990 with a bachelor’s degree in finance and earned his Juris Doctorate in 1993 from the University of Denver, College of Law.
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10444 N Cave Creek Rd - Valle View at the Pointe
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