Evergreen Foundation

ARIZONA-BASED REAL ESTATE COMPANY BREAKS GROUND ON LUXURY APARTMENT COMMUNITY NEAR BILTMORE AREA

Evergreen Development Announces “Park 28”

PHOENIX – Aug. 25, 2014 – Evergreen Development will break ground on Park 28, a luxury, urban in-fill, multifamily apartment community located near the Biltmore area.

Located at the northwest corner of 28th Street and Indian School Road in Phoenix, Park 28 is located one mile from Biltmore Fashion Park and the Camelback Corridor, and offers residents easy access to downtown Phoenix, Old Town Scottsdale, downtown Tempe, and Sky Harbor International Airport.

“Evergreen purchased the site for Park 28 in March,” said Matt Evans, Evergreen’s Senior Development Manager. “Park 28 will be our first multifamily development project in Phoenix. We also have two multifamily development projects underway in Denver, Colorado.”

The four-story community will offer 152 units situated on more than four acres, a fitness center, a resort-style pool and spa, a business center, a clubhouse, plenty of outdoor living spaces and detached, private garages.

Park 28’s urban, modern studio, one-, two- and three-bedroom apartments will feature nine-foot ceilings, a contemporary design with high-quality finishes , including granite counter tops, designer cabinets, faux wood flooring, enhanced lighting, and upgraded plumbing fixtures. Each unit will have a private patio or balcony and storage space.

“Park 28 will be an attractive addition to the area, which has been undergoing a significant transformation in recent years,” said Evans. “We believe that residents will particularly enjoy ‘walkable’ attractions such as Sprouts Farmers Market, Starbucks, a wide variety of restaurants, along with a neighborhood park.”

Evergreen expects to start leasing at Park 28 in September 2015, and plans to have the community completed by December 2015.

Phoenix-based Todd & Associates, Inc. is the architect for Park 28, and Scottsdale-based MT Builders, LLC is the contractor.

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