ST. GEORGE — The St. George office of Cushman & Wakefield | Commerce announced Wednesday it has brokered the sale of 11.37 acres of land in St. George for the development of the Grayhawk Apartments at River’s Edge, which, with 244 units, will be one of the largest apartment complexes in the St. George area.
The Grayhawk Apartments will be part of the Dinosaur Crossing development adjacent to the Mall Drive Bridge, near Smith’s Marketplace and the Dinosaur Discovery Site.
Travis Parry, Tom Callister and Andrew Sorensen, of Cushman & Wakefield | Commerce, represented the buyer and developer of Grayhawk Apartments, Bach Homes. The seller was Wadman Corporation, the developer of Dinosaur Crossing.
Perry, senior director with the Cushman & Wakefield | Commerce St. George office, said:
Bach Homes developed a luxury apartment complex in St. George called The Falls at Mesa Point. Building on the success of The Falls at Mesa Point, they wanted to expand with an additional development in the area. We helped them identify a site for this beautiful new development. With its location near the river walk and a close proximity to schools, the university, shopping and additional commercial developments, Dinosaur Crossing was our prime candidate.
Grayhawk Apartments at River’s Edge will consist of 244 units in 12 apartment buildings, two of which will contain elevators. The property will also consist of a state-of-the-art clubhouse that will house the leasing and management offices, a billiard room, steam room, sauna room, tanning room, 24-hour fitness center and an indoor kids’ playroom.
Additionally, the Grayhawk Apartments will provide a resort-style swimming pool, splash pad and hot tub. There will be a playground, covered fireplace pavilion, four gazebos and barbecues in the pool area. The project will also provide 46 garages and several covered carports.
“The demand for rental apartments is at an all-time high (in Washington County),” Shon Rindlisbacher, an owner of Bach Homes, said.
Construction is scheduled to commence toward the end of 2015.
Bach Homes is excited to bring a luxury apartment community to the St. George area that will cater to the needs and wants of the community, according to a press release.
“The team at Cushman & Wakefield | Commerce overcame the challenges of site selection and found us the perfect location to build out the Grayhawk Apartments at River’s Edge project. The site will enable our high-end amenities and architectural designs to fit naturally with the area,” a representative of Bach Homes said.
About Cushman & Wakefield | Commerce
Cushman & Wakefield | Commerce, headquartered in Salt Lake City, is an independently owned and operated member of the Cushman & Wakefield Alliance with offices throughout Utah, Nevada, Washington and Idaho.
The firm partners with its sister company Cushman & Wakefield | NorthMarq to provide innovative commercial real estate solutions to occupier and investor clients, offering transaction services, capital markets services, occupier and investor services and real estate advisory. Together, the firms manage more than 52 million square feet of retail, industrial and office assets; have annual revenues of more than $100 million; and employ more than 750 professionals.
Learn more at Commercial Real Estate Solutions or Commercial Real Estate Services. C&W | Commerce and C&W | NorthMarq are part of the Cushman & Wakefield platform, which is the world’s largest privately held commercial real estate services firm with 250 offices in 60 countries globally.
About Cushman & Wakefield
Cushman & Wakefield advises and represents clients on all aspects of property occupancy and investment. Founded in 1917, the company has 259 offices in 60 countries, employing more than 16,000 professionals. It offers a complete range of services to its occupier and investor clients for all property types, including leasing, sales and acquisitions; equity, debt and structured finance; corporate finance and investment banking; appraisal, consulting, corporate services and property; and facilities, project and risk management. Learn more here.
- Apartment construction drives US homebuilding surge in June
- Large apartment complex, other development projects advance; concert approved for Sunbowl
- TLC executive director gets surprise honor at City Council; developments approved