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Southwest

Watermark at Gateway Place

4500 E. Ray Road, Gilbert, Arizona

Project Type

Masters

Residential Units

250

Status

Now Leasing

MSA

Phoenix

About the market

The Watermark at Gateway Place is located at 4454 East Ray Road in Gilbert, Arizona. Situated on 19.3 acres, this community features 25 two-story Big House® buildings with garages and 250 apartment homes.

The Greater Phoenix MSA has a population of 4.7 million residents. In addition to its rapidly growing population base, the market has had substantial job gains as well, growing at more than 2% annually over the past several years. Future job growth is projected to continue at double the national average.

The community is approximately 40 minutes from Downtown Phoenix as well as other destinations throughout the East and Southeast Valleys. There are more than 20 large employers with over 1,000 workers located within 15 miles of the site. The area’s strong demographic profile is also notable, with an average household income that is more than $100,000 within a 5-mile radius.

Ray Road is an essential east-west arterial carrying over 16,000 cars per day and providing convenient regional access to other major thoroughfares, including Power Road to the east, moving over 28,000 vehicles per day. The community is also proximate to Phoenix-Mesa Gateway Airport and Arizona State University’s Polytechnic Campus. The nearby Loop 202 freeway provides a direct connection to San Tan Village, a regional retail and dining area destination, as well as major employers Intel, Wells Fargo, Bank of America and PayPal.

Nearby single-family homes include the high-end Cooley Station community with homes starting at around $300,000, and the 166-acre Agritopia planned community, 1.6 miles west, with homes that begin at more than $300,00 and range upward.

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Additional Information

Apartment Amenities
  • Oversized, Soaking Tubs
  • 9 Foot Chef’s Islands with Under-Mount
  • Sink and Gooseneck Faucet
  • Private Patios and Balconies
  • USB Outlet in Kitchen
  • Full-Size Washer & Dryer
  • Attached Garages
  • Energy-Efficient Appliances
  • French Door Refrigerator w/ Water Dispenser
  • Granite Countertops
  • Double Vanities in Select Floor Plans
  • Wood-Style Flooring
Community Amenities
  • Resort Style Swimming Pool
  • Sundeck with Cabanas
  • Poolside Outdoor Kitchen
  • Smoke-Free
  • Fully Equipped Fitness Center
  • 24 Hour Package Pickup
  • 24 Hour Maintenance
  • Game Room
  • Clubhouse TV Lounge & Starbucks Coffee Bar
  • Dog Park and Pet Spa