Wesley Development Company LLC is a family owned and operated Real Estate Development Company. Its principals include Paul Wesley Phillips and Jason Wesley Phillips, who also operate Phillips and Associates Realty Company LLC. The companies develop and market various types of real estate projects in Columbus, Ohio and Phoenix, Arizona.
Paul Phillips has forty years of experience developing a wide variety of commercial, homebuilding, horizontal land development, mixed-use office, and retail projects. His son, Jason boasts over ten years of experience in real estate brokerage and development, primarily in Phoenix, and has managed several successful ground-up development projects. Collectively, they have developed and brokered over several million dollars of real property assets since the company’s inception in 2003.
Wesley Development Company LLC was established to develop real estate with the entrepreneurial decision-making and hands-on approach necessary to achieve the highest investment performance under all market conditions. Wesley’s philosophy is to generate superior returns from property investments and developments by focusing on strong fundamentals, market inefficiencies, and risk management.
A brief description of each of the current development projects are listed below:
- The Toy Barn™ (Scottsdale, Arizona): Located in North Scottsdale, Arizona, this project is a luxury garage condominium development. It offers storage solutions to those in need of a place to store their most precious recreation possessions. Unlike traditional self-storage, The Toy Barn™ is a community of like-minded individuals who prefer to own their space rather than renting or leasing. And it is because of the ownership solution and a combination of luxury amenities that draws individuals to purchase garages. The Toy Barn project was initiated in 2010 and is fully operational.
- NEC of Cave Creek and Rancho Paloma (Phoenix, Arizona): In 2012 Wesley purchased 20 acres of raw, unentitled land from Sterns Bank for $1.8M. The site, at the northeast corner of Cave Creek Road and Rancho Paloma was then entitled and zoned for medium density residential use and sold to a local homebuilder for $6M in 2014.
- SEC of Cave Creek and Peakview Roads (Phoenix, Arizona): Located at the southeast corner of Cave Creek and Peakview Roads, this 20-acre assemblage of property was purchased from multiple sellers for $4M in 2013. The site was entitled and zoned for a 71-lot housing development in 2014 and sold to a local homebuilder in 2015 for $6.3M.