Stillwater Capital, Origin Investments Break Ground on 380-Unit Multifamily Real Estate Development in Chandler, AZ

CHANDLER, Ariz. — Stillwater Capital, along with financial partners Origin Investments and Eagle Realty, has announced the commencement of construction on The Ellison, a 380-unit luxury multifamily real estate development in Chandler, Arizona. The project, situated on a 12.3-acre site at the southwest corner of S. Arizona Avenue and Pecos Road, is expected to begin leasing units in 2028.

The Ellison marks the first collaborative real estate development between Stillwater Capital and Origin Investments. Origin Investments is making its equity investment in the project on behalf of the Origin Income Plus Fund.

Project Overview and Multifamily Real Estate Design

The Ellison will comprise three-, four-, and five-story buildings featuring a unit mix of 50 studios, 211 one-bedroom units, 110 two-bedroom units, and 9 three-bedroom units. Interior finishes are described as Class A, including quartz countertops, tile backsplashes, kitchen islands, stainless steel appliances, in-unit washers and dryers, and wood-style flooring.

The community's design draws on the natural character of the Sonoran Desert, incorporating warm earth tones, clean lines, expansive balconies, and desert landscaping featuring native palms, agave, and cacti along Pecos Road. The amenity package includes a resort-style pool with an open-air pool bar and cabana area inspired by what the development team describes as a Tulum beach bar aesthetic, a boutique hotel-style lobby and leasing center, a fitness center, and multiple outdoor courtyards.

"Chandler has been one of the most intriguing markets for Stillwater for years, and we couldn't be more excited to finally bring this vision to life," said Thomas Hoy, Partner at Stillwater Capital. "After three years of collaborative planning with the City of Chandler and our partners at Meridian West, we're ready to deliver a community that reflects both the sophistication our residents expect and the vibrant character of downtown Chandler."

Strategic Location and Real Estate Development Context

The Ellison is positioned just north of Loop 202, a major Phoenix Valley thoroughfare, offering access to downtown Chandler's retail and dining corridors, the Chandler Fashion Center, and Sky Harbor International Airport. The site is approximately 25 miles from downtown Phoenix and provides connectivity via I-10 to major employers including Intel, Northrop Grumman, and businesses along the Price Road Corridor.

The development follows three years of planning in coordination with the City of Chandler and Meridian West. According to the development team, the Phoenix suburban multifamily market features significant barriers to entry for developers.

"This project represents the best of public-private cooperation," Hoy added. "We're grateful to the City of Chandler and Meridian West for their partnership and shared vision in creating a community that will enhance Chandler's already exceptional quality of life."

Origin Investments and Partner Roles

Origin Investments, founded in 2007, focuses on multifamily real estate in high-growth U.S. markets through private funds. The firm builds, buys, and finances multifamily projects and launched affiliate firm Origin Credit Advisers in 2023 to advise funds providing multifamily debt investments. In 2024, Origin introduced Origin Exchange, a platform enabling investors to complete 1031 exchanges into institutionally managed assets.

"We work very hard to identify unique opportunities to join forces with established and credible development partners to expand our portfolio of investment properties," said Jacob Sojka, Senior Vice President at Origin Investments. "Origin is excited to partner with Stillwater Capital in delivering The Ellison to a high-growth market where there are significant barriers to entry."

Stillwater Capital is a fully integrated private real estate company with experience across infill multifamily communities, mixed-use properties, build-to-suit properties, and single-family homes.

Design and Development Team

The design and development team for The Ellison includes MAWorkshop Architecture of Dallas, Texas, serving as design architect; BMA Architecture of Chandler, Arizona, as production architect; ABLA Landscape Architecture of Tempe, Arizona, as landscape architect; Wood Patel & Associates of Phoenix, Arizona, as civil engineer; The Ray Law Firm's Brennan Ray of Phoenix, handling zoning and entitlements; Parisa O'Connell of San Francisco, California, as interior designer; and MT Builders of Scottsdale, Arizona, as general contractor.

No financial terms, including transaction price, loan amount, or equity contribution figures, were disclosed in connection with the announcement.

Sources: Origin Investments press release, March 24, 2026. https://origininvestments.com/press/development-team-announces-commencement-of-construction-at-the-ellison-a-380-unit-luxury-multifamily-community-in-chandler-ariz/