10,000 "multifamily units planned for Desert Ridge

10,000 "multifamily" units planned for Desert Ridge, from the Arizona Republic, reports that Phoenix planners have seen the future, and it looks a lot like Desert Ridge. With a new emphasis on density and height to accommodate ongoing growth, close to half of all the residential units in the 5,700-acre master planned community will be what Phoenix considers "multi-family units." Those include apartments, condos, townhomes and other units that hold housing for more than one family. Many are to be located in the so-called "core" of the Desert View Village planning area at Tatum and Deer Valley roads. "Density is a big part of the growth solution," said Terry Feinberg, president of the Arizona Multihousing Association. Considering land costs and infrastructure demands, "it is the only way to be efficient." Jay Butler, director of Realty Studies at ASU, said most units of the type being sold at Desert Ridge or nearby Kierland are being picked up by higher-end customers, including seasonal visitors, well-off professionals who do not have children, or empty nesters, whose children have grown and left the home. The units that are already in the ground are proving popular based on the sales and occupancy. http://www.azcentral.com/community/nephoenix/articles/0919phx-apartments0919-ON.html