67th Avenue and Baseline Road

TBBG Investments acquired and entitled 67th Avenue & Baseline, a 10-acre development site located in Phoenix, Arizona within the Loop 202 South Mountain corridor.

The acquisition was sourced through a distressed ownership situation, allowing TBBG to establish a favorable basis in a high-growth submarket.

The project required navigating and resolving significant CCR (Covenants, Conditions, and Restrictions) constraints, which TBBG successfully addressed to unlock the site’s development potential.

Following resolution of these constraints, TBBG secured full entitlements for a 136-unit townhome-style community, creating a higher-density residential opportunity.

The site benefits from strong connectivity to the Loop 202 freeway system and proximity to expanding employment and residential growth in the South Mountain corridor.

Through its execution, TBBG created significant value by combining distressed acquisition, legal problem-solving, and entitlement execution.

The asset was subsequently sold, demonstrating TBBG’s ability to source, solve, and monetize complex land opportunities.

Investment Highlights

• Acquired through distressed ownership situation

• Resolved significant CCR constraints to unlock development potential

• 10-acre site entitled for 136 townhome units

• Located in high-growth Loop 202 South Mountain corridor

• Value created through entitlement and legal complexity resolution