September 18, 2020
PHOENIX, AZ - Banyan Residential has announced the start of new construction at 5321 E. Washington in Phoenix, Arizona, marking the company's second ground-breaking in the area this year. Centrally located just east of the Loop 202 Freeway and directly adjacent to the Valley Metro light rail, the project will offer 223 market-rate apartment units to residents seeking luxury multifamily housing and proximate access to the downtown hubs of Tempe, Scottsdale, and Phoenix. The project is located in an Opportunity Zone, part of a revitalization program formed under the Tax Cuts and Jobs Act of...