Scottsdale, Arizona-based developer Talos Holdings has broken ground on The One at Mountain Vista, a 345-unit multifamily community in Mesa, Arizona, distinguished by its focus on health and wellness.
In addition to its standard amenity package — which will include a swimming pool, fitness center and rooftop lounge — The One at Mountain Vista will also have licensed life coaches living on site. According to a press release provided to Multifamily Dive, the coaches will assist residents with their personal life goals related to health and wellness.
On-site life coaches are actually a standard part of life at properties by Talos Holdings, according to Jacques Bazinet, president and COO.
“When you sign a lease at one of our properties… we give you a blank check,” Bazinet told Multifamily Dive. “And on that blank check, what we want you to write is, which life goal do you want to accomplish this year?”
The properties’ life coaches check in with residents every two weeks to help them attain their goals, with their services included in the lease, free of additional charge. Residents will also have access to personal development content from Stephen Covey, author of “7 Habits of Highly Effective People,” and other providers.
“Our goal is to remove what's blocking [our residents] from accessing the greatness that's already within them,” said Bazinet, who was at one time the director of Stephen Covey’s office. “Our coaches have materials and content to help remove the barrier that's preventing the greatness that's already in our residents from coming out.”
Units will range from studios to three-bedroom apartments with open-concept floor plans, high ceilings and double-pane windows with views of the nearby Superstition Mountains. Rents at the property are expected to range from $1,600 to $2,600.
Outdoor amenities will be distributed across two courtyards — an “active” courtyard with a swimming pool and lawn games, and a “passive” courtyard with a water fountain and a more relaxed atmosphere.
Talos Holdings has four other projects in its The One multifamily brand under development in Arizona, with upcoming locations in Scottsdale, North Scottsdale, Glendale and Avondale Station. The developer’s greater Phoenix pipeline consists of over 2,700 units across seven projects, at a total projected construction cost of $875 million, according to the developer’s website.
Following a period of rapid expansion, metro Phoenix’s multifamily fundamentals began to cool near the end of 2022, according to a report by Northmarq, a financier of The One at Mountain Vista.
Vacancies rose as a wave of new completions outpaced demand, while rents fell 2.2% in the fourth quarter, down to $1,616 on average. Still, rents in the market rose 2% on a year-over-year basis in 2022.
