Playton, aka Playton Place, is a twenty-three (23) unit apartment rental community located in Midtown Phoenix, just minutes from the “Golden Corner” of 24th Street & Camelback, Camelback Corridor, Downtown Phoenix, Sky Harbor International Airport and numerous Valley hotspots, including: Postino WineCafe, Oregano’s, St. Francis, Windsor, Little Cleo’s at The Yard, Culinary Dropout at The Yard, Taco Guild and Starbucks at Old School 07. The property is located in Midtown Phoenix 1.3 miles south of Camelback Road along 16th Street allowing easy access to Biltmore Fashion Park, the Camelback Corridor, the valley freeway system and numerous employers.
Playton Place, originally built in 1963 and 1973, as a 20,648 square feet, one and two-story, mid-century modern office building complex, was converted to 23 apartment units in 2022. Playton has a flat roof and block construction. The construction plan included a full remodel of the existing office buildings into twenty-three apartment homes and adding modern residential amenities, while keeping the spirit of the original midcentury architecture.
Playton Place offers 10 lavish floor plans include studio, one, and two-bedroom options, featuring an all-electric kitchen, polished concrete or woodlook vinyl flooring, shaker cabinetry, dishwashers, stainless steel appliances and in-unit laundry. Community amenities include courtyard spaces, a 2nd-floor deck BBQ grills (coming soon), and ample parking for residents and guests. Playton Place is professionally managed by Zendoor.
The adaptive reuse project’s construction plan included a full remodel of the existing office buildings into twenty-three apartment homes and adding modern residential amenities, while keeping the spirit of the original midcentury architecture.
VESTIS GROUP | PHOENIX ARIZONA COMMERCIAL REAL ESTATE INVESTMENTS
Vestis Group | Vestis Capital LLC is a real estate firm focused on Multi Family Residential Investment. We invest our clients’ capital together with our own to take advantage of opportunities with attractive risk-return attributes and an expectation of above-market returns. These goals are achieved through stringent underwriting practices and proactive property and asset management.
Through our extensive knowledge of the Phoenix multi-family residential real estate market, we can identify early trends, which provide insight into our pursuit of investment opportunities. Vestis Group’s principals have a thorough knowledge of the housing industry.
We have developed, built, rehabilitated, constructed, improved, managed and sold thousands of apartments, condos, homes, and home sites. Vestis Group principals and affiliates also have extensive experience constructing, improving, renovating, owning and operating residential and commercial properties. Our expertise in management, finance and construction is the backbone supporting every investment opportunity we identify.
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