Reproduction of The Quincy by Kierland. Image courtesy of Embrey Partners Embrey Partners has acquired the property for its Phoenix multi-family project, which will begin construction in the coming weeks. Embrey bought the 2.2 acres from an unknown seller with the help of Frost Bank, which was the lender for the project. The site will be the location of Embreys The Quincy in the Kierland parish. The six-story residential complex will offer 266 studio units with one- and two-room floor plans in a podium-like building design. Units will be built with under cabinet lighting, walk-in closets, and private patios and balconies. Community amenities include a clubhouse, game room, business center, exercise facility, cyber lounge, coffee bar, conference room, pool, courtyard, dog spa, structured parking, and outdoor BBQ areas. The Quincy will also be located near Arizona’s State Route 101 Loop, which connects it to nearby Phoenix metropolitan areas such as Tempe, Scottsdale, and Mesa. The community will also be within walking distance of the area’s major shopping centers including Kierland Commons, Scottsdale Quarter and The Promenade. PHOENIX PORTFOLIO GROWTH Jimmy McCloskey, Embrey’s Executive Vice President of Development, said in prepaid remarks that site preparation for The Quincy will begin immediately. Construction is slated to begin in the next two to four weeks, according to Embrey, with the project’s clubhouse and first units expected to be available in early 2023. The Quincy should be fully completed later this year. In addition to The Quincy, Embrey has more than 6,000 units under construction or under development, including its 338-unit community in San Antonio that received funding in April 2020. While most of the San Antonio-based company’s portfolio is in Texas, Embrey has developed several properties on the Phoenix metro. The company recently sold its 300-unit community in Chandler, Arizona in November 2020 for $ 91 million.
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