StreetLight’s success with ultra luxury apartments, The Bergen, at the Grove prompts developer to scout Phoenix for next ultra-luxury rental

  • 2/26/2026

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Phoenix Business Journal

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Highlights
The Bergen ultra luxury residential community achieved 95% occupancy with monthly rents exceeding $20K
StreetLights Residential has built approximately 2,400 units across metro Phoenix since 2017
Metro Phoenix absorbed significant new apartment supply as renters increasingly form new households rather than buying homes

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