California developer eyes Cooley Station for another $300M project

Article originally posted on Phoenix Business Journal on March 4, 2026

On the heels of building a 408-unit apartment community at Cooley Station in Gilbert, a California developer is working its way through planning and zoning for another $300 million project next door.

Frankel Family Trust, which developed Crossing at Cooley Station in 2022, now plans to build the 568-unit Trax at Cooley Station on a 20-acre parcel west of the southwest corner of Recker and Williams Field roads.

“We are officially going through the town process to get through planning and zoning for design review approval,” said Michael Kron, chief operating officer of Santa Ana, California-based Frankel Family Trust.

Upon approvals, Kron expects to begin construction during the fourth quarter of this year, with leasing starting in the summer of 2027.

The project will be a mix of four-story and five-story buildings. The tallest structures will rise along Williams Field Road, which is what the town wanted, Kron said.

“One of the buildings is going to be a five-story wrap project where you won’t see the parking structure inside where tenants can park on their floor level and walk to their units,” Kron said. “We build a lot of these in Texas, but not so much in Arizona.”

The other buildings will offer surface parking, creating a hybrid of garden style apartments, he said.

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