GILBERT, AZ - Family Development and Mosaic have announced the groundbreaking at Town Germann, a gated, build-to-rent community located in Gilbert, Arizona. The 14.5-acre property will consist of 209 luxury townhomes ranging from approximately 1,192 to 1,379 square feet with two- and three-bedrooms, 2 baths plus a powder room and two-car attached garages. Rents are anticipated from $2,600.00 to $2,900.00.
"Town Germann offers a long list of perks for its future tenants: a prime location, spacious rooms, open floorplan designs, private two-car garages with direct access, and highly desirable amenities,” said Vince Barbato, Principal of Family Development. “Residents will appreciate the privacy of living in a gated, professionally managed neighborhood with a multitude of retail and dining options just minutes away. Plus, its proximity to major freeways, including the nearby 202, will offer convenient access for commuters.” Restaurants, shopping, entertainment venues, medical providers and recreational activities are all within walking or biking distance to Town Germann.
“We were immediately inspired by Family Development’s innovative vision for this community,” said Ron Gonski, Senior Vice President of Growth at Mosaic. “As the Build-to-Rent market evolves, Family Development has keyed into what today’s renters really want, like an outstanding location and top-tier amenities that cater to their everyday lifestyles. This project’s scale and quality make it an ideal match for Mosaic’s innovative, technology-enhanced general contracting platform.”
Behind its private gates, Town Germann’s sought-after amenities will include a central resort pool and spa, barbecue area, fitness center, large central park, ramada, dog park, multiple pocket parks and walking trails.
"We believe that Town Germann will be one of the most coveted luxury lease addresses in Gilbert,” said Barbato. “From community perks to its ultra-convenient location in the heart of Gilbert, every detail has been thoughtfully planned with today’s discerning renters in mind. Mosaic's vastly experienced team understood our vision, and as we learned more about the company's approach to construction, Mosaic became the obvious choice to help us bring this project to life."
Family Development and Mosaic operate at the leading edge of the build-to-rent industry, with Family Development completing multiple projects in the space already. The companies bring to their collaboration vast experience in multiple locations and a shared vision about innovation and quality in the build-to-rent space. As both companies expand their geographic footprint, they will seek additional opportunities to collaborate.