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Stillwater Capital Breaks Ground on Multifamily Development Project in Rivulon

Stillwater Capital Investments, in partnership with Rosewood Property Company, announces the groundbreaking of its 352-unit multifamily development project in Gilbert, AZ. Located within the award-winning 250-acre mixed-use property at AZ Loop 202 and Gilbert Road, Stillwater’s is the first multifamily development within Rivulon, a legacy project of master developer Nationwide Realty Investors. Its first units are scheduled to be available December 2024. 

The new property will offer best-in-class amenities and high-end finishes including urban mudrooms, gas appliances, 9- and 10-foot ceilings, oversized hosting islands with stone countertops, a resort-inspired pool with a swim-up hospitality bar and is pet friendly throughout. A northern greenbelt connects the site to 3 million square feet of Class A office space and over 100,000 square feet of retail, dining and entertainment planned for Rivulon, creating a walkable neighborhood for residents to easily live and play.

“The vision for Rivulon caters to residents seeking a semi-urban lifestyle in the growing town of Gilbert,” says Stillwater’s Development Partner Thomas Hoy. “Complementing the high-quality product built by Nationwide, Stillwater has designed top-of-market residences promoting community and activity in a thoughtful way.” 

Located only 8 miles from Downtown Phoenix and ranked as one of Arizona’s top cities, Gilbert is a hub for outdoor recreation, offering access to lakes, rivers, hiking trails and golf courses, as well as premier dining and upscale shopping. Gilbert’s growing population and job market demands a more robust presence of Class A multifamily housing, which Stillwater’s project will provide. 

“Rivulon possesses great components for a premier development in the fast-growing Gilbert area,” said Brandon Cooke, Vice President of Acquisitions for Rosewood Property Company, the equity partner for this development. “Rosewood is always looking for opportunities to leverage our multifamily experience. Partnering with Stillwater at Rivulon is a perfect opportunity for us, and we look forward to being part of this development.”

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