(Note: This article is part of “Communities on the Line,” a LISC Phoenix series on transit-oriented development in the Valley.) A ¾-acre residential lot in the West Camelback Corridor is long past its prime as a single-family-home property. As fate and determination have it, that’s a very good thing for 20 future homeowners and a neighborhood experiencing revitalization spurred by light rail.
Trellis broke ground in May on a townhouse development in central Phoenix at 1617 W. Colter St. Trellis @ Colter is a rare, unique new home ownership opportunity within the Valley Metro light-rail corridor where thousands of units of multifamily rental housing have sprung up along the 28-mile route in recent years, including projects underway to the south and west of the townhomes.
But for Trellis, which has a long history in single-family home lending and building, it didn’t make sense to put three or four small units on the lot near the 19th Avenue and Camelback Road light-rail station. Trellis delved into density options for home ownership because of the lot’s proximity to light rail, its central city location and because of all the commercial activity occurring on Camelback Road. Continue reading