Construction continues on the massive Legado apartment complex in Prescott Valley near the center of town. (Photo by Ray Newton)
When it opens in 2024, Legado’s mixed-use, multifamily apartments will add 329 units to the housing market in the Prescott Valley downtown area.
At the southwest corner of Florentine Road and Main Street, the complex has been in the planning stages for several years. It was approved for construction by the Town Council of Prescott Valley about a year ago, according to the Fain Signature Group, project owner.
Legado is hailed as a unique gated community and will feature a 5,000-square-foot rooftop restaurant open to the public, and 8,000 square feet of commercial lease space at ground level.
Other distinctive features include covered parking, which includes an additional 124 public parking spaces; electric vehicles charging spaces; swimming pool, poolside cabanas and spa and fitness center; two turf courtyards; barbecue pavilions; and a dog-washing station.
Praising the new development, PV Town Manager Gilbert Davidson said, “Legado will be a great addition to Prescott Valley’s downtown. It will serve as a signature building with retail, restaurants and living opportunities.” The investment will complement existing and new businesses and other community activities in the downtown entertainment area, he added.
None of the design plan was accidental, said Brad Fain, CEO of Fain Signature Group.
“We continue to research our state’s overwhelming needs for housing, new technology for energy and water conservation, social design and how we need to meet increasing demands for electric vehicles and EV charging stations,” he said.
“Legado residents will have necessary products and services needed to live without having to drive. Banks, grocery stores, restaurants, health care, elementary and high schools, college — all are within walking distance of the complex,” Fain added.
He said the purpose is to let residents benefit from having desirable sites nearby so that driving is minimized or avoided. Fain Signature Group says its mission is to make a better lifestyle possible for residents through appropriate community design and regional collaboration.
The development group was established by the Fain family, whose early descendants homesteaded in the region in the 1870s. Descendants established the Town of Prescott Valley in 1966. It since has grown to be the largest incorporated community in Yavapai County, with a population topping 48,000.
The general contractor for Legado’s apartment complex is Pono Construction, a firm headed by Butch Gillespie and Amber Gillespie, a father-daughter team from Carefree.
Day-to-day operations will be managed by P.B. Bell, a longtime property management and development company from Scottsdale.
