SCOTTSDALE, AZ – Banyan Residential announced the start of construction on the long-anticipated Scottsdale Entrada development. Located at the northeast corner of 64th Street and McDowell Road, Scottsdale Entrada will revitalize a long vacant 33-acre lot with a vibrant mixed-use campus, including 736 apartment units, 250,000 square feet of office space, 5,000 square feet of retail and ample public open space. The project is located in an Opportunity Zone, part of a revitalization program formed under the Tax Cuts and Jobs Act of 2017 and will be developed with program-compliant funding.
“Because of its central location and proximity to Phoenix, this project is critical to the economic prosperity and urban renaissance of the area and surrounding neighborhoods,” said Mayor Lane. “As the name conveys, this is a major entry point to Scottsdale. We are very excited for construction to start.”
Designed by a team of local experts including Todd & Associates and SmithGroup, the completed project will offer customers first-class amenities including resort-style pools, fitness centers, mobile workspace areas, a game room, and deck spaces with expansive views of the Papago Buttes and McDowell Mountains. Scottsdale Entrada will also offer ample public gathering spaces, including a large park designed to accommodate concerts or other events, as well as a dog park, jogging trail, and connection to the Arizona Crosscut Canal. Designed to integrate natural and urban living, Scottsdale Entrada is one of the largest mixed-use developments in the Phoenix area.
“Backed by a first-class design team and the support of a stellar equity partner in Bridge Investment Group, we have developed a truly unique mixed-use plot for a very special property,” said Ben Brosseau, founder of Banyan Residential. “We are excited to deliver such a dynamic project to an Opportunity Zone property in need of timely rejuvenation.”
The McDowell Corridor, where the new Scottsdale Entrada is situated, is a prominent gateway to South Scottsdale and downtown Phoenix. For years, local residents and city staff have been nervously awaiting the redevelopment of the former Scottsdale Auto Park site. Construction on all project components will start immediately, with the office building scheduled to open in Q3 2021, followed by the first apartment units in late 2022.
“Making desirable living and work space requires design plotting with a focus on the end user experience. The Entrada property offered us the rare opportunity to program a large parcel with a blank slate, allowing us greater flexibility to integrate open space, foster connectivity between uses, and make points of interest throughout the site,” said Max Friedman, a Partner at Banyan Residential.

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VIRGINIA BEACH, VA – Mission Rock Residential, a national multifamily property management company, is further expanding its presence on the eastern seaboard, announcing a new management contract for Indigo 19 Apartments in Virginia Beach, Virginia. The deal marks the addition of the eighth property to Mission Rock’s portfolio in the state of Virginia.
“Virginia Beach is a wonderful city that Mission Rock is excited to enter and grow in. The opportunity to manage this world class apartment community is one our team is absolutely thrilled about, thanks to its gorgeous design, its top-notch amenity package, and its immense set of shared community spaces. We look forward to elevating the customer experience at this community,” said Patricia Hutchison, President of Mission Rock Residential.
Indigo 19 features 258 one, two, and three-bedroom apartments, located within walking distance to the beach as well as the Norfolk Premium Outlets. The community also offers immediate access to I-264, a major economic thoroughfare. High-end amenities at the property include a resort-style swimming pool, a state-of-the-art fitness center, a two-level clubhouse, and controlled access throughout. The design of Indigo 19 includes a fantastic combination of modern yet relaxed approaches, with bright, breezy design present across all shared spaces.
Apartment homes feature gourmet kitchens with granite countertops and stainless-steel appliances, open concept floor plans, included washers and dryers, expansive closets in master suites, 9′ ceilings, and private patios and balconies.
Virginia Beach is a resort city with miles of beaches and hundreds of hotels, motels, and restaurants along its Atlantic oceanfront. It is also home to three military bases, a number of large corporations, Virginia Wesleyan University and Regent University, as well as numerous historic sites. Mostly suburban in nature, the city, though, is the most populous in the State, and was dubbed the ‘Best Huge City to Live In’ by WalletHub in July 2019 due to the highly educated population, outstanding healthcare, and affordability.

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CLEMSON, SC – Officials at The Preiss Company (TPCO), one of the nation s largest, privately-held, student housing owner-operators, broke ground on Signature Hartwell Village (SHV). Serving Clemson University, the 433-bed student housing complex has a targeted completion date of August 2021.
Along with University Village at Clemson & The Collective at Clemson, Signature Hartwell Village will mark our third asset in the Clemson market, said Susan Folckemer, chief acquisitions & development officer, TPCO. We actively have developed, owned and operated in the market since 2000. Our familiarity with the area, university and student base made the choice to invest further in the community a relatively simple one. We look forward to expanding our presence in Clemson as we meet the evolving needs of today s students.
Located at 13060 Clemson Blvd. between Tiger Blvd. (US 76) and Pendleton Road (SR 93), Signature Hartwell Village will be part of a 45-acre, mixed-use development. Named Hartwell Village, the area consists of residential, retail and dining options, including Aldi, Petco, Marshalls and multiple hotels. SHV will consist of two four-tale and two three-tale buildings situated on 3.25 acres, as well as a 6,034 square foot clubhouse and leasing office and a 7,200 square foot outdoor amenity space.
Residents also will delight in a 24 jumbotron, fire pits, grills, dog park, cornhole court, a pool with in-water lounging deck, cabana with misters and TV room with 82 television. For the health conscious, SHV will offer and state-of-the-art fitness center with top-of-the-line equipment. Students will have access to study rooms, high speed, next generation internet and fob access for all amenities and units, as well as a package locker system. The complex also will use an onsite leasing and maintenance staff.
While we retain an aggressive acquisition pipeline, development has become an increasingly vital component of our growth strategy, said Folckemer.
Residents may choose between one-, two-, three- and four-bedroom units. Each unit will feature private bedrooms and bathrooms, key fob unit entry, 50″ Smart TVs in each living room, chic modern furniture, stainless steel appliances, granite countertops, plank vinyl flooring throughout the unit and in-unit laundry.
Less than a mile from Clemson University, Signature Hartwell Village is an ideal location for students looking to maximize their college experience, said Adam Byrley, chief operating officer, TPCO. Not only does the student housing complex itself offer a variety of study spaces and relaxation options, but the larger Hartwell Village development provides some of the best dining, shopping and entertainment in the area.

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