'Vertical Communities' Central Arizona's New Housing

The Phoenix Business Journal reports that new vertical housing developments are coming to various Valley areas.

Including the anticipated development of Westcor's San Tan Village Mall where site work is expected to start on the residential condo project that will be built on top of the shopping mall's parking structure.

Kierland Commons also has residential condo's on top of retail and parking.

Developers believe that the demand for vertical communities in central city areas is strong because that lifestyle appeals to buyers who want to live in an area close to jobs, restaurants and cultural activities. Other buyers want a second home close to amenities.

The article also states that KB Homes has formed a new urban infill division, KB Urban, and is looking for infill sites to develop high density housing product. More...