Biltmore Townhomes

TBBG Investments is developing Biltmore Townhomes, a 10-unit infill townhome community located in Central Phoenix near the Camelback Corridor and Biltmore submarket.

The site was acquired from a lender following foreclosure on the prior ownership, allowing TBBG to establish a favorable basis in a highly constrained infill location.

The project represents a rare opportunity to deliver new construction in one of Phoenix’s most established and supply-constrained neighborhoods, where zoning limitations and limited available land restrict new development.

The business plan is focused on delivering a high-quality, for-rent townhome product designed to meet demand for larger floorplans, private outdoor space, and proximity to major employment, retail, and lifestyle amenities.

Biltmore Townhomes is positioned to benefit from strong underlying fundamentals in the submarket, including high barriers to entry and continued demand for well-located residential product.

Highlights

• Acquired from lender following foreclosure on prior ownership

• Favorable basis relative to replacement cost • Infill development in supply-constrained submarket

• High barriers to entry and limited new supply

• Proximity to Camelback Corridor and Biltmore amenities