by World Construction Network

Greystar Real Estate Partners has broken ground on a new apartment community, City North Residential Phase II, in Phoenix, Arizona, US. The phase will add 348 more residences to the overarching City North master plan. It is being developed alongside equity partner SofMac Partners and lender Security Benefit Life Insurance. These residences are in addition to the 272 homes that are currently under construction as part of Phase I of the development.