Park Place apartment rental prices have yet to be determined, said contractor/developer Bart Shea.

He refuted reports that the apartments would rent for considerably higher than originally announced when construction on the proposed Avenue of the Fountains’ project began.

He said he heard feedback from a number of people who claim they were quoted $1,600 rent for a one-bedroom apartment.

“It’s wrong information being circulated,” said Shea. “At no point whatsoever have we ever said a one bedroom would rent for $1,600.”

From the beginning of the project, Shea has promoted the first phase of 230 apartments as “relatively affordable.”

Prices for the one-, two- and three-bedroom units will rent from the mid-$900 to $2,300. Consumers would have difficulty in finding a one-bedroom for less than $1,000 anywhere in the Greater Phoenix Valley, said Shea.

Alliance Residential LLC is handling apartment leasing. Signs along the construction fence list 866-785-3638 to inquire about leasing.

An on-site lease office will open in September or October, said Shea. The apartments are not expected to be ready for occupancy until December.

Apartments with a fountain or mountain view will be more desirable and carry a higher price than those overlooking the courtyard. Apartments closer to the elevator also bring more rent.

The “luxury” that appears in some rental property advertising describes the amenities and accoutrements in the development, explained Shea. Those features include quartz countertops, upgraded carpeting, exercise rooms, warming kitchen and social area.