$90M Condominium Community Amplifies Luxury, Multifamily Living in Chandler
Chandler, Ariz. (Oct. 29, 2018) – Sixty-four homes will hit the market in mid-November when The Statesman Group begins taking reservations for the third phase of sales at The Cays at Downtown Ocotillo, a $90 million luxury condominium community located within the sought-after Ocotillo neighborhood in Chandler.
Selling more than $40 million in real estate at The Cays to date, Statesman will break ground on the third phase this fall featuring one- and two-bedroom condominium homes and top-floor penthouses ranging in size from 862 to 1,512 square feet and priced from the mid $200,000s. Statesman will also nearly double the patio space and make soft enhancements to each home within this phase with expected move-in the first quarter of 2020.
“The Cays is leading the way for luxury condominium developments in the East Valley as we continue to attract interest from buyers looking for a more upscale option without paying higher prices for a similar offering in Scottsdale or Phoenix,” said Alana Mann, president and owner of The Statesman Group. “Local and national buyers are seeing the value of living in Chandler with the resort-style living, access to world-class golfing, dining and shopping and some of the lowest cost of services, utility charges and sales tax in the Valley. We’re looking to amplify what condo living is all about here in Chandler.”
Since opening in June 2015, The Cays has been met with high demand from second homebuyers looking to escape the winter months from colder destinations like Colorado, Washington and many states within the Midwest and East Coast. According to the National Association of Home Builders, Maricopa County ranks among the top areas in the nation for second homeownership with more than 118,000 homes categorized as “second homes.”
Outside of the weather, one of the biggest attractions for second homebuyers at The Cays is the walkability to the quaint Downtown Ocotillo district where the developer announced a multimillion-dollar expansion adding up to seven new tenants and lakefront lounging areas by spring. Homeowners are also centrally located to high-end shopping at Chandler Fashion Center and great dining, breweries and nightlife in Downtown Chandler.
“Being from Washington, I was really looking for a second home that was close to great dining options and offered a relaxing respite from the dreary winter months when traveling for work. When I stumbled upon Chop Chandler and The Living Room Wine Café & Lounge in Downtown Ocotillo, I knew I had to live in this area,” said Arefi, a homeowner at The Cays. “From the moment I walked into The Cays, it felt like I was in a resort with all of the amazing amenities and it wasn’t long until I fell in love with one of the residences that just happened to be available. I’m so excited about my new home and I look forward to visiting each month.”
Homeowners at The Cays have unlimited access to a 9,500 square-foot clubhouse that features a gourmet community kitchen, two-sided fireplace, a media center and social lounge, yoga studio, billiards and shuffleboard located at the heart of the property. Other amenities include an 1,800 square-foot fitness center with locker rooms and private steam showers, year-round heated swimming pool surrounded by private cabanas, an outdoor kitchen with gas BBQs and a bar, fireplaces and lush landscaping.
To make a reservation for the third phase of sales this November or for more information, visitTheCaysatOcotillo.com or call 480-248-3737 to make an appointment. The Cays at Downtown Ocotillo is located at 2511 W. Queen Creek Road in Chandler, Ariz.
About The Cays at Downtown Ocotillo
The Cays at Downtown Ocotillo offers a collection of luxury condominiums in Chandler’s vibrant Price Corridor. Developed by The Statesman Group, The Cays is comprised of one- and two- bedroom condominium homes and penthouses with lofts priced from the mid $200,000s. At the heart of The Cays is an expansive 9,500-square-foot clubhouse with a gourmet community kitchen, two-sided fireplace, a media center and social lounge, yoga studio, billiards, shuffleboard and a 1,800-square-foot fitness center with locker rooms and private steam showers. The amenities continue outside with a resort-style heated swimming pool surrounded by private cabanas, an outdoor kitchen with gas BBQs and a bar, fireplaces and lush landscaping. Steps from the community is the quaint Downtown Ocotillo district with restaurants, wine lounges, a coffee shop, salon and professional services. The Cays is set within Chandler’s upscale Ocotillo master-planned community with 162 acres of man-made lakes, spacious parks, walking and biking paths and the 27-hole championship golf course at The Ocotillo Golf Resort, named “one of the best places to play” by Golf Digest Magazine. For more information, visit TheCaysatOcotillo.com.
About The Statesman Group
For more than 40 years, The Statesman Group has been active as a developer, builder, investor and manager of single-family, multifamily, resort and senior living communities throughout North America. Family owned and operated since its inception, Statesman has delivered more than 15,000 homes, and growing, within dynamic master-planned communities. The company’s portfolio includes The Statesman Collection of Condominium Communities and two full-service senior care community brands, The Manor Village Life Centers and Advanced Medical Group. Statesman has also recently expanded as an investor in hotel development including partnerships with Tru by Hilton, Residence Inn by Marriott, TownePlace Suites by Marriott and the new Aloft by Starwood (Marriott). With headquarters in Scottsdale, Ariz., the company has offices and developments in Alberta, Ontario, British Columbia and Washington. For more information, visit StatesmanCorporation.com .
About Ocotillo and Price Corridor (Chandler, Ariz.)
The Cays is set within Chandler’s upscale Ocotillo master-planned community with 162 acres of man-made lakes, 17 miles of shoreline, spacious parks, walking and biking paths and the 27-hole championship golf course, recently acquired by Phil Mickelson, at The Ocotillo Golf Resort, named “one of the best places to play” by Golf Digest Magazine. A rarity in the Arizona desert, the charm of waterfront living has made it among the most sought-after neighborhoods in the Valley.
The Cays is located along the Price Corridor, also known as the Tech Corridor, which is quickly being dubbed “a version of Silicon Valley”, due to its massive industry growth with major companies like Intel, Wells Fargo, General Motors, PayPal and Orbital ATX operating campuses in the area. More than 30,000 people, and growing, are employed in the corridor. There are also plans for an Innovation Square, located northwest of Price and Queen Creek roads, that will be a research and industrial hub including lunch spots, coffee shops and retailers where people in research and industry can meet, interact and share ideas.