Mosaic Announces Groundbreaking on 197-unit Avilla Palomino with NexMetro Communities
Glendale, AZ (August 3, 2023) – Mosaic, the nation’s leading institutional-grade general contractor, has broken ground on Avilla Palomino, a new build-to-rent (BTR) community, by NexMetro Communities, with 197 cottage-style apartments and amenities in Glendale. The new community helps alleviate the shortage of high-end rental home options for families and individuals in the Phoenix metro area.
Avilla Palomino will include one-, two-, and three-bedroom options in duplexes and single-family detached homes with private backyards and front patios, from 690 to 1,265 square feet. Residents will enjoy a resort-style pool and spa, shaded pavilion, outdoor barbeques, open space areas, and a dog park complete with a dog wash station and pet fountains on the 18-acre site.
“NexMetro Communities is an industry leader in the build-to-rent space, and Avilla Palomino is yet another visionary project within their portfolio,” says Ron Gonski, SVP of Growth. “The expansion of build-to-rent in the state, through innovative developers like NexMetro Communities, and their Avilla Homes brand, provides needed housing with beautiful homes and communities that tenants will be excited to live in.”
The Phoenix metro area is a national workforce hub, with continued economic growth driving rapid population expansion. This designation, paired with a dwindling supply of for-sale homes in the region, has contributed to the rising demand for rental homes. Build-to-rent communities represent broader social demographic changes in how individuals and families live, such as a preference for flexible lifestyles and low-maintenance living.
Avilla Palomino is the third project Mosaic has built in the Phoenix metro area, as the general contractor continues to construct much-needed neighborhoods for a new generation of residents. As NexMetro Communities’ 24th project in the greater Phoenix metro area, Avilla Palomino expands a model that represents long-term alignment between builders, residents, property managers, and investors.
“Avilla Palomino will be our first neighborhood located in the City of Glendale,” said Jared Geisler, managing director for NexMetro’s Arizona Division. “There is high demand for our Avilla Homes neighborhoods by people seeking a new home lifestyle with a lease and full maintenance.”
Mosaic and NexMetro Communities plan to continue their collaboration with additional build-to-rent communities in Texas and Arizona.