Buckeye is set to gain a significant multifamily housing project following the $9.3 million sale of a 17.89-acre property near West Roosevelt Street. The transaction, facilitated by Marcus & Millichap, highlights the city’s rapid growth and increasing demand for housing in the West Valley.
Summit Community Church sold the property to Highstreet Ventures, a Canadian developer planning to build 510 rental units. The development will include a mix of studios, one-bedroom, and two-bedroom apartments, along with amenities such as a clubhouse and pool.
“This project addresses the growing need for rental housing in Buckeye’s booming employment and residential corridor,” said Michael Farrar, an associate with Marcus & Millichap’s Phoenix office, who represented the buyer alongside Art Rullo.
The property falls within Buckeye’s Downtown Specific Area Plan, a vision to transform the city into a destination for recreation, entertainment, and modern living. Highstreet Ventures’ plans align with this vision, marking the company’s first "net-positive, zero-carbon" community in the Phoenix metro area.
“The Plan positions Buckeye as a leading location for innovative, sustainable development,” said Highstreet CEO Scott Butler.
While Buckeye continues to attract new developments, the city has faced concerns over increasing traffic congestion driven by rapid growth. However, the passage of two transportation-related ballot measures — Propositions 479 and 495 — aims to mitigate these issues. Proposition 479 extends a half-cent sales tax dedicated to funding transportation projects, including the Jackrabbit Trail/I-10 interchange, the widening of I-10 from Citrus Road to SR-85, and construction of SR-30. Proposition 495 allocates $145 million for street improvements, such as widening major routes like Miller, Watson, and Jackrabbit Trail, installing traffic signals, and enhancing lighting along Sun Valley Parkway.
Nate Schaus, lead pastor of Summit Community Church, explained to InBuckeye that selling a portion of the church's land was a strategic move to reduce debt and enhance its capacity to serve the community. "The primary goal for the land sale was to reduce our overall mortgage for the church, which puts us in a stronger position to serve both our congregation and the wider community in the years to come," Schaus said.
The sale included acreage the church had held for years, while ensuring enough land was retained for potential future expansion.
“We’ve kept enough land for future growth, but selling a portion allowed us to significantly reduce our campus debt and position ourselves to better serve our church and community,” he added.
Discussions with the buyer, Highstreet Ventures, took about a year. The land is planned for residential development, aimed at supporting Buckeye’s ongoing growth. Schaus shared his enthusiasm about the church’s role in the city’s development, stating, “Our hope is that the land sale and the planned growth will help more people discover their dreams here in Buckeye.”
Editor's note: This story has been updated to include comments from Summit Community Church's lead pastor.
