Staff Reports | Dwellings & Multifamily
Greenlight Communities, Arizona’s trailblazing developer of attainable rental housing, together with partner Holualoa Companies, is set to break ground on its first Tempe community, Cabana Kyrene.
Cabana Kyrene introduces 229 new rental homes, comprising 90 studio apartments, 93 one-bedroom units, and 46 two-bedroom units, according to a press release.
“Expanding into Tempe is an exciting step for Greenlight Communities as we continue to address Arizona’s housing needs,” said Patricia Watts, co-founder of Greenlight Communities. “South Tempe has seen very little new multifamily development in recent years, and we are proud to bring the first attainable housing option to this part of the city.”
Addressing a critical housing gap in Tempe
Since 2010, only more than a handful of new apartment communities have been developed in south Tempe, all of which are either luxury Class A properties or government-subsidized affordable housing.
“Tempe thrives on diversity and opportunity, and housing plays a critical role in ensuring that people who work here can also afford to live here,” said Tempe Mayor Corey Woods. “In recent years, South Tempe has seen little in the way of new, attainably priced rental housing. Greenlight Communities is helping to fill that gap with Cabana Kyrene, providing much-needed housing options for our workforce and giving more people the opportunity to call Tempe home.”
Cabana Kyrene marks another joint venture between Greenlight Communities and Holualoa Companies, building on their shared commitment to expanding attainable housing options across Arizona.
Cabana Kyrene is within three miles of over 60,000 jobs, with major employers such as Kyrene School District 28, Honeywell, Consumer Cellular, Swire Coca-Cola, Charles Schwab, and American Airlines.
