Arizona builder to begin construction on New Braunfels rental community

Empire Group, a Scottsdale, Arizona builder with product all across the Sun Belt … who have historically been in this space have been on the sidelines since interest rates went up in 2022,” …

A build-to-rent community is slated to go vertical next month at Mayfair, a 1,900-acre community in New Braunfels.Empire Group, a Scottsdale, Arizona builder with product all across the Sun Belt, is about to kick off the 217-unit project in July. The community, called Village at Mayfair, is part of Empire’s Village build-to-rent brand.The community will feature cottage-style single-family homes averaging 1,023 square feet. Amenities include a fitness center, car care station, barbecue grills, a central community pool and clubhouse, with open spaces including a pond and walking paths.The project already has a general contractor on board, Austin-based Legacy MCS.Keep up with the latest San Antonio headlines by signing up here for SABJ newsletters.The first homes will be available for occupancy in the third quarter of 2025.”We’re looking to break ground in early July. We closed on the property in May of last year. It’s taken a little bit of time to get the permitting done, but we’re in the …

See the full article on Arizona’s economic indicators, or, read more Arizona real estate investing news. Take your pick!