The Phoenix real estate scene is set to diversify as two pivotal developments have officially begun construction, aimed at catering to the upscale residential demand and transforming the city's living experience. Scottsdale-based The Statesman Group is moving ahead with a new phase of The Luxe at Desert Ridge, featuring 4,000-square-foot condominiums with pricings starting just shy of $2 million. Meanwhile, Clayco—a full-service real estate construction firm—has broken ground on Ray Phoenix in downtown, a multifamily residential tower promising luxury living and extensive amenities, as reported by Claycorp's official website.

The Luxe's expansion plans include construction of its fifth building, where only six of the 40 total units, termed D'Luxe condos, will be available for purchase in what appears to be a limited release, these high-end condos, notably larger than the existing units in the complex which currently average at 1,900 square feet are slated to meet the attributes of sizable homes that some affluent buyers are accustomed to, featuring 3,200 square feet of living space, extensive patios, and luxury amenities like custom closets and private garages, Alana Mann, owner and president of The Statesman Group, underscored the importance of meeting the demands for more spacious living arrangements, as conveyed to Phoenix Business Journal.

On the other hand, Ray Phoenix emerges as an architectural statement in downtown Phoenix, ready to accommodate urban dwellers with 401 apartments spanned across a 26-story tower; featuring amenities such as a pool, fitness center, and communal spaces The development is a partnership venture between Ray and VeLa, aiming to introduce a new paradigm for urban residential buildings with thoughtful design and cultural incorporations like a public art gallery and a lobby mural by artist Alex Israel, this tower underscores an intention to contribute to the neighborhood's identity as a burgeoning arts hub with sustainable living options suited for a broad demographic of residents, the groundbreaking ceremony, attended by key figures including Ryan Abbott of Clayco, Christine Mackay, Phoenix’s Community and Economic Development Director, emphasized the significance of the project not only to Clayco but to the cultural canvas of Phoenix, as indicated on Clayco's website.