Greystar Unveils Pioneering Marlowe Peoria Place as Cornerstone of Visionary Master Plan
Greystar Real Estate Partners, a global force in the real estate realm, has fortified its presence in the Arizona market with the groundbreaking of Marlowe Peoria Place. Situated in a prime location in Peoria, AZ, this new residential hub is foreseen as a cornerstone of Greystar’s ambitious master plan for Peoria Place—a visionary project promising to introduce over 700 apartments, 255 build-for-rent homes, and a substantial 400,000 sq. ft. space dedicated to logistics.
Billy Cundiff, Greystar’s Managing Director of Development, articulated the project’s significance with enthusiasm, “Marlowe Peoria Place is an important piece in the overall Peoria Place master plan. Marlowe Peoria Place will highlight the entrance to Old Town Peoria with a public art piece and bring 4,900 sq. ft. of retail space that will serve as an amenity to the entire area. This project is truly a partnership between the city and Greystar to get the master plan off the ground.”
Echoing this sentiment, Peoria’s Deputy City Manager Mike Faust underscored the strategic role diversified housing plays in the city’s growth, noting, “In Peoria, we realize that a diverse housing portfolio is key to attracting new business. Peoria Place is a wonderful addition to the community, bringing new retail businesses and connection to our P83 Entertainment District with easy access to the 101.”
Decisively, the Marlowe Peoria Place apartments are not merely a nod to luxury but a statement of lifestyle and convenience. This three-story community offers 370 one and two-bedroom homes furnished with quartz countertops, stainless steel appliances, and an array of modern fixtures and finishes. Residents will also enjoy exclusive amenities such as a comprehensive 1,200 sq. ft. fitness center, pickleball courts, dual dog parks, a coworking space within the clubhouse, and a pool equipped with cabanas and a spa.
Strategically adjacent to the City of Peoria’s municipal offices, the overarching Peoria Place master plan is set to transform the Old Town area into a bustling center of commerce and recreation—a place where events, retail, and restaurants will find a symbiotic relationship with community life.
Positioned a mere half-mile south of Pioneer Community Park and within a short drive from the Westgate entertainment district, the State Farm Stadium, and Peoria Sports Complex, Marlowe Peoria Place is expected to become a new nexus of connectivity and communal vibrancy.
Through the inception of Marlowe Peoria Place, Greystar is not only enhancing the real estate tapestry of Arizona but is also crafting a future where living spaces echo the dynamism and aspirations of its residents. It’s an enduring commitment to innovation and leadership in the multifamily apartment industry, where each venture is a step towards redefining modern community living.