Disclaimer: The comments in this blog are my personal opinion and may or may not reflect an adopted position of the city of Glendale and its city council.
What is a BFR? It stands for “Built for Rent” and is the current ‘flavor of the year’ in the building community. It is a community of single family rentals between 100 and 250 units. That number of units is required to make it a viable project. Usually three or four different floor plans are available. The amenities vary by community and builder.
Here are some photos of one such community under construction by Hancock Builders on the west side of 99th Avenue, just north of Camelback Road in Phoenix. . Hancock has already built 1,300 of the single family rental homes with 4,000 more in the development pipeline spread across 10 communities.
The builders producing these communities have similar business models. They build the communities themselves and then turn maintenance over to a third-party property manager with experience in multifamily. After the community is fully leased and operational, the builders have the option to sell individual houses within the community or sell the entire community itself to a high-net-worth individual, a multifamily real estate investment trust (REIT), or a single-family rental (SFR) operator like Invitation Homes or American Homes 4 Rent.
Ideally they are designed to be located where there is mass transportation and nearby amenities available such as in a Westgate or Zanjero. A BFR within or very near the Westgate/Zanjero developments is appropriate. But it is not appropriate in an area farther away from commercial/retail/entertainment areas and instead is surrounded by a sea of residential, owner occupied properties. The location at 75th Avenue and Bethany Home Road is not appropriate with the kind of density a project such as this brings.
Yet that is the request of Gammage & Burnham, attorneys representing the proposed developer, Elux and the Brown Group, is desiring to put a BFR community at the northeast corner of 75th Avenue and Bethany Home Road. Since 1984 the property has had a zoning designation of R 1-6 (residential, one to six homes to the acre).
Let’s look at what surrounds this parcel. To the east and south is R 1-6 zoning with established neighborhoods. To the west, just across 75th Avenue is Tessera, a gated community of R 1-7 (larger properties and homes). To the north it is zoned R 1-6 but the properties are at least one acre in size. Most are larger and are horse properties and include Griffin Avenue, a historic area.
The proposed developer has the property in escrow and it is assumed that a decision will not be made until after the neighborhood meeting occurring this week. That neighborhood meeting scheduled for:
this Wednesday, June 5th
at 6 pm
at Heroes Library (at northeast corner of Bethany and 83rd Avenue)
It will be your opportunity to learn the proposed details of this project but more importantly it will be your only opportunity to express your approval or disapproval of the proposed project.
I believe the location as well as the assumed density is not appropriate and I have expressed that to the applicant’s attorney already. But now they need to hear from you. I’d like to see 50 or more people at this Wednesday evening meeting. That would be a strong voice to convince the developer that their project is in the wrong location.
Please share this blog freely with your neighbors and friends. Information is critical. It is important that the people of Glendale come out to this meeting.
© Joyce Clark, 2019
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Thank you Joyce, for keeping us informed and for fighting for south Glendale. We have lived in Missouri Ranch for close to 18 years now, and all that the City of Glendale said they were going to do in this area was a major selling factor for my self and my wife. I believe you were instrumental in the Heroes Park Library becoming a priority and I thank you for that. However, I still have to drive to Pioneer park in Peoria, with my 4 kids, to enjoy the facilities that were promised at Heroes Park in Glendale, where I pay my taxes. This is very disappointing, as I feel the tax money is spent to continue to upgrade north Glendale. So is the thought of these BFR’s. How many of these are being considered in north Glendale? There are notably more nearby amenities in north Glendale, but I’m sure the thought of this type of rental community is not an option. One of my concerns is the impact to our property values as a result these communities being introduced in south Glendale. My wife and I have stayed in our home, through the recession, believing that this area will rebound and be what it had been originally planned to be by the City of Glendale. With potential BFR’s looming, I don’t see this as an upgrade for south Glendale, but a possible detriment to the property values of home owners in the area. These are truly single story apartments with a potential resale value. Apartment complexes, traditionally do not drive up property value, but usually decrease value for the fact that home owners don’t want to live next to apartments.
These are just my opinions, but deep concerns. Thank you again for informing and fighting for us in south Glendale.
Sincerely,
Tony Long
Tony, I agree with your comments/concerns. These BFR’s will definitely affect the value of our homes. Doesn’t seem the City of Glendale is too concerned with upgrading the area which is sad for all of us.
Our neighborhood may get our own BFR – a housing development of rental homes proposed for 53rd and Olive. It is Village of Marketplace, 208 rental units on 17 acres, next to commercial property and in a long-established single family neighborhood. Neighbors are concerned about increased traffic congestion.
Joyce first let me say this community is incredibly fortunate to have your tireless voice as someone to table these type of issues and inform the public. I don’t see any other public officials or papers speaking as frankly as you do. It’s difficult to add much to what Tony Long stated above as he was quite eloquent and expressed many of the feelings I and my neighbors have felt for years. You know our situation. After the City made the disappointing decision on Stonehenge last year and we had tired from the 20+ yrs of the Heroes Park fight we made the decision to move after 30 years as a Glendale resident. However, I was surprised to read of this recent BFR development. I concur, it certainly does nothing to help with local property values which currently seem to be climbing until projects like this start to creep in. I will be in your audience Wednesday evening.