GTIS Partners and Clyde Capital Joint Venture Announce $250 Million Mixed-Use Development Project in Phoenix
The project will include a build-to-rent community, retail space and a medical facility, and will be built across 90 acres of land acquired by GTIS and Clyde.
- The project will include a build-to-rent community, retail space and a medical facility, and will be built across 90 acres of land acquired by GTIS and Clyde.
- Forty-five acres will be allocated to a joint venture between Clyde and Simon CRE, a national commercial real estate acquisition and development company, to establish a multi-phase retail center.
- GTIS and Clyde initially pursued the property in April 2021 and took the project through a rezoning and site planning approval as it secured entitlements.
- GTIS launched Tavalo, a dedicated build-to-rent community development company and a subsidiary of the firm, in April 2023.