Smithfield Properties Taps Mark-Taylor to Manage Domus, a Modern Infill Project in Arcadia Corridor

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Smithfield Properties Taps Mark-Taylor to Manage Domus, a Modern Infill Project in Arcadia Corridor
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The new Domus community is a 225-unit, $36.7 million development on a six-acre site in an upscale, urban …

SCOTTSDALE, AZ--(Marketwire - Mar 26, 2013) - Smithfield Properties recently awarded Mark-Taylor Residential the management contract for Domus, a new cutting-edge, multifamily project under construction in the luxurious Arcadia/Biltmore area of metropolitan Phoenix.

This new community, aptly named Domus, will be a 225-unit, $36.7 million development on a six-acre site in a robust, urban, infill corridor at 36th Street and Campbell in Phoenix. Smithfield Properties, a Chicago-based developer, has built high-end, multi-family and adaptive reuse projects in downtown Chicago, and has strong Arizona ties.

"This is a great legacy project in the midst of an established neighborhood that is engaged, invested and supportive of local proprietors," said Mark-Taylor President Dale Phillips. "We encourage residents to shop local, eat local and become invested in their new homes, creating lifelong residents who become rooted in their communities -- regardless of whether they rent or own. Domus is an ideal property to foster this type of community pride and ownership."

The project, opening in August 2013, is located in the heart of the highly regarded Arcadia neighborhood. It is central to upscale restaurants, shopping and professional services, and employers in the Phoenix's Camelback corridor. Domus' location offers tremendous access and views of popular outdoor recreation spots such as Camelback Mountain, Piestewa Peak and the expansive bicycle system along the Phoenix canal banks.

The owner is investing tremendously in the design, offering a distinct living environment featuring generous use of glass and expressed structural steel, contributing to a unique urban vibe that is complementary to the neighborhood. Interiors will feature large expanses of glass, wood floors and euro-style kitchens with superior appointments.

Pre-leasing will begin in summer 2013.

About Smithfield Properties
Smithfield Properties LLC is a Chicago-based real estate development company with a portfolio of award-winning residential high-rise condominiums, retail shopping centers, townhouses, industrial projects, student housing and high-rise mixed use projects. Domus is one of three communities Smithfield is currently developing for the Phoenix area. Learn more at http://www.smith-field.com/.

About Mark-Taylor
Mark-Taylor is known for its high quality service, the luxurious nature of its properties and amenities and the strong rapport the staff has with each other and residents of its communities. The company has become the preeminent brand in the multifamily industry in the Southwest, developing and managing upscale projects that enhance communities through brand marketing, charitable support and a highly trained staff. Mark-Taylor is the Number 1 multifamily property manager in 2013 Ranking Arizona, and is consistently ranked the Number 1 mid-size company in the Business Journal "Best Places to Work" campaign. Its managed properties, located in Arizona and Nevada, maintain high per-unit values, due to the company's concentrated focus on high-quality service, marketing and building community. Mark-Taylor is headquartered in Scottsdale, Ariz. and is continually ranked one of the top workplaces in Arizona and among the Top 100 Most Admired Companies.

Learn more at www.mark-taylor.com.

Contact:
MEDIA CONTACT:
Sara Fleury
602-759-8924
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