Flagstaff City Council recently approved rezoning for the Sky Cottages at Timber Sky development near Woody Mountain Road. The project includes 202 one- and two-story semi-detached rental units on roughly 23 acres.
In a separate action, the council unanimously approved rezoning for The Lofts at Continental on 13 acres at 5531 East Cortland Boulevard. This multi-family community will feature 139 dwelling units, with 10 percent designated as affordable housing. The total project cost is approximately $5.7 million, including $1.6 million for construction costs.
Project Details
Both approvals occurred in early to mid-September. The Sky Cottages developer aims to break ground within the next 12 months. The Lofts plan received first reading approval two weeks prior to the final vote.
No significant real estate market value swings exceeding 5 percent were reported in available data during the period.
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