PHOENIX—A just-closed land purchase is making way for View 32, a Watt Communities of Arizona project that brings the already active local residential builder into the Arizona rental apartment market. View 32 also marks Watt's second urban infill residential project located within the City of Phoenix's North 32^nd Street revitalization corridor. The purchase price of the land was $2.47 million.

Watt is already underway on numerous upscale urban infill residential projects in Phoenix's for-sale multifamily sector. View 32 will be its first for-rent endeavor.

Located on 3.63 acres just north of the northeast corner of 32^nd Street and Shea Boulevard, adjacent to State Route 51, View 32 will include four stories and up to 135 upscale, for-rent apartment homes. It joins five existing for-sale projects already in the Watt AZ pipeline – all upscale urban communities with layouts ranging from three-story townhomes to detached single-family homes.