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Watt AZ Hits $45 Million

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.

By Kristian Seemeyer | Updated on September 19, 2015

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 32nd 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.

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