Tuesday, July 24, 2012

Adding 116 New Units to Tight Rental Market, MC Clark-Wayland Completes Construction on The Place at Canyon Ridge in Tucson, AZ

Scottsdale-based MC Companies celebrated the grand opening of their new community The Place At Canyon Ridge. The Place at Canyon Ridge adds 116 units to the Tucson market and is the first project to be completed by the company's newly formed construction division, MC Clark-Wayland. (MCCW)

The Place at Canyon Ridge
Canyon Ridge's location in close proximity to the University of Arizona, Pima Community College, local shopping and the I 10 freeway make it a convenient choice for many. The large, modern apartments have upgraded finishes that include stainless steel appliances, front load washers and dryers, kitchens with center islands, upgraded countertops and larger pantries. Residents have a choice of one and two bedroom apartment homes, with balconies or private patios. The Place at Canyon Ridge includes a spacious clubhouse, fitness center and community pool and spa. MC Residential will manage the community.

Why Tucson?
Tucson resident and MC principal Ross McCallister is well versed in the Tucson economy and its rental needs. "Tucson's demand for quality, affordable apartment community homes has exceeded the current inventory for some time." Noting that less than 2,000 units have been added in the past ten years, Ross continued, "We believe the Tucson economy is strong and there is a high demand for quality rental product. The Place at Canyon Ridge is the first of three projects we are building in Tucson to help meet that demand." The company will open The Place at Creekside Phase One (208 units) and Phase Two (144 units) later this year.

About MC Clark-Wayland
In January of 2012, MC Companies entered into a joint venture with Clark-Wayland Construction, and formed MC Clark-Wayland. (MCCW) Combined, MC Clark-Wayland has more than 75 years construction experience and has built over 25,000 units in Arizona.

About MC Companies:
MC Companies is a real estate investment, development, construction, and Management Company specializing in the multifamily properties and commercial markets. MC Companies seeks opportunities where they can add value through capital improvement, revenue enhancements and expense reduction through utilization of proven operational efficiencies and management processes. MC Companies has completed over $300 million in multi-family and commercial value-added transactions since 1985 including more than 10,000 apartment units in Arizona, Nevada, Oklahoma and Texas.


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