2102 N I-89 - Hwy 89 & Prescott Lakes Parkway

SVN Desert Commercial Advisors is pleased to present the exclusive listing of this 16 acre multifamily development site that is on a hillside with breathtaking views of Watson Lake, one of the most picturesque spots in Prescott. The site is almost through entitlements with the city. The proposed project will be new construction of 435 apartment units, all of which will be conventional market rate units. The goal is to be at the middle to upper end of the spectrum. The geographic area is comprised mostly of blue-collar workers, career professionals, retired professionals and Embry Riddle students. The project will be built with the “work force” tenant in mind. This will offer housing for the “work force” tenant in the immediate area of their employment in an upscale product.
The project will consist of two buildings with four stories each. In addition, there will be carriage house buildings that offer townhomes with extra garages for rent. Parking will be available for all residents and guests. Parking spaces will be in excess of any city requirements. The grounds will be landscaped with appropriate vegetation native to the Prescott area. Units will be supplied with a washer and dryer, modern appliances and all units will have a balcony or patio units will have amazing views of the surrounding areas. All units are intended to be individually metered for utilities.
This development will be higher-end apartments with resort like amenities including an office and lobby, game room, meeting rooms and Zoom rooms, several common areas, private parking garages, two hot tubs, and a fitness gym. BBQ areas will be throughout the community. The project will also have a playground for children, a storage and work room for bikes and kayaks, two pickle ball courts and a dog park. Units range from studios to 3 bedroom/2 bathroom as well as 15 carriage house townhomes that include garages and 48 additional garages for rent to tenants.