144-Unit Luxury Multifamily Development Breaks Ground in Prescott, Arizona

Prescott, Ariz. (July 5, 2023)— Montezuma Heights Investors, LLC is excited to announce the groundbreaking of the new $41 million, 144-unit multi-family development, Montezuma Heights. The event is scheduled to be held on July 13^th at 8 A.M.

Situated within walking distance to Prescott’s famous “Whiskey Row,” the luxury apartment homes will be a needed and wonderful addition to Prescott, Az, downtown area.

Nick Malouff, developer and manager of Montezuma Heights Investors, LLC quote: “We are pleased the City of Prescott has embraced our project as it will add to the vibrancy of the downtown area and bring a live, work-play housing option to downtown.”

Located at 609 Bagby Drive, the community will have one, two, and three-bedroom floor plans and a community building with a state-of-the-art gym, lounge, outdoor grotto with grilling area, dog parks, multiple fire pits, and electric car charging stations.

Amenities will also include a trail connection to Granite Creek Park and a trail extension to The Depot Shopping Center, giving residents walking access to shopping, restaurants, and entertainment venues.  The City of Prescott is designing this new trail extension, and a drawing showing the trail will be revealed at the Montezuma Heights groundbreaking.

Don Allison, partner and project manager, quote: “In the planning of this exciting hilltop property, meticulous planning was done to preserve the natural beauty of the site while offering residents a lifestyle experience with city and mountain views.  In addition, all buildings will be Energy Star Certified, meeting the Environmental Protection Agency standards for “Green Certification.”

Prescott is also home to four of Arizona’s most praised museums, filled with art galleries, antique shops, local eateries, and golfing.  For a day on the water, visit one of Prescott’s four beautiful lakes to fish, kayak, or enjoy nature from a trail surrounding the lake areas.

VP of new project development for MEB management services Amity Dalton quote: “Montezuma Heights is a one-of-a-kind project that will be iconic to the downtown area of Prescott and the community.”

The developer is Montezuma Heights Investors, LLC.  The expected completion date is 20 months from the groundbreaking.  MEB Management will be the manager and leasing agent for the community.