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Press Release

Date: June 01, 2005

Gray has Begun Work on Apartment Projects

Phoenix, AZ -

Gray Development is bullish enough on the Valley’s apartment market to start two new upscale complexes. 

 

The developer recently broke ground on the 523-unit complex called Mondrian at Tempe Town Lake.  Unlike most Valley apartment complexes with two or three stories, this is a mid-rise development with six-story buildings.

 

Gray also recently started building a 205-unit complex at Dunlap and 25th avenue in Phoenix.  That project called Areté is scheduled to open in October.

Media Contact:
Bruce Gray
President
602.954.0109

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About Gray Development Group
Gray Development Group is a fully integrated real estate company focused on creating innovative multi-family residential communities. The talented real estate professionals of Gray Development Group provide considerable expertise in the areas of: Real Estate Development, Construction Management, Asset Management, Property Management, Architectural Design and Land Planning. Find out more about Gray Development Group at www.graydevelopment.com.


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