Crescent Building 248-Unit Rental Property in N. Phoenix
Crescent Communities closed on a parcel of land for NOVEL Norterra, a new four-story multifamily community planned in northern Phoenix, Arizona. Situated on an 8.5-acre site just east of I-17 in the Norterra neighborhood, the development will include 248 for-rent residences near the TSMC Arizona semiconductor manufacturing complex, retail, and outdoor destinations. Construction is scheduled to begin in July 2026, with first move-ins anticipated in Spring 2028.
NOVEL Norterra is a part of the Norterra neighborhood, a master plan of nearly 600 acres of commercial, retail, community, and residential uses.
Planned amenities include a clubhouse, a pool courtyard anchored by a 1,822-square-foot pool and spa with cabanas and fire features, a fully shaded pickleball court and a dog park, along with additional outdoor cooking, dining, and gathering areas and landscaped spaces that encourage residents to spend time outside.
Connect Texas Multifamily in Dallas on August 13 brings together the owners, developers, brokers, investors, and lenders shaping the future of Texas multifamily for a day of market intelligence, networking, and actionable insights. Join 300+ decision-makers and be part of the conversations driving the Texas multifamily market. Register today: www.ConnectTXMF2026.com.
The post Crescent Building 248-Unit Rental Property in N. Phoenix appeared first on Connect CRE.
