402-unit Alta 99th coming to the West Valley
By: AZ Big Media
A joint venture of CP Capital, a highly disciplined U.S. real estate manager specializing in multifamily investments, and Wood Partners (“Wood”), a leading, fully integrated real estate company with expertise in development, construction, and property management, today announced they will be developing ‘Alta 99th’ — a 402-unit multifamily development project in Phoenix. The project is located at the southeast corner of Campbell Avenue and 99th Avenue in Phoenix.
Alta 99th sits in the West Valley submarket of Phoenix – offering high levels of accessibility and visibility due to its proximity to Loop 101, which has significant drive by traffic of over 135,000 vehicles per day. The sprawling site is also positioned near the brand new Loop 202, providing quick access to Metro Phoenix’s East Valley, a burgeoning tech hub for the metropolitan area.
Construction on the project is expected to begin in late March 2022, with completion slated for January 2024.