Fountain Hills, AZ 85268
Cushman & Wakefield has been exclusively retained by Shea Connelly Development, LLC to offer an investment opportunity in the development of Avenue of the Fountains Luxury Apartments (the “Property”), a 190-unit luxury multifamily development. It will be situated in the Phoenix suburb of Fountain Hills, located directly across from the Fountain Monument, the focal point of community gathering and celebration in Fountain Hills. Shea Connelly Development is seeking approximately $13.7M of JV Equity for the development of Avenue of the Fountains Luxury Apartments.
Cushman & Wakefield is pleased to present a unique opportunity to purchase a ±20,250 square foot, high density high-rise multifamily development site in Phoenix’s rapidly transforming Central Corridor located in the Opportunity Zone. This rare site is located along the Valley Metro Light Rail, with two stations within walking distance of the property at Central Avenue and Roosevelt Street, and Central Avenue and Van Buren Street. Phoenix’s urban revival has transformed the Central Corridor into a 24-hour live-work-play environment with new residential and trendy restaurants, coffee houses and bars. In addition to the Light Rail, the area has been influenced by anchor cultural, educational, research, sports and healthcare institutions, including Arizona State University’s 12,200-student downtown campus and the 1.5 billion dollar Phoenix Biomedical Campus. The result is an unprecedented demand for urban living solutions in the Central Corridor.
The opportunity consists of two (2) parcels with a combined total of ±20,250 square feet of developable land on the northwest corner of 1st Street and Pierce Street. This transit oriented development site is bound by two streets and provides for intense densities up to a maximum of 370 units and maximum height of 475 feet.
Phoenix, AZ 85004
Tempe, AZ 85281
Tempe, AZ 85281
Tempe, AZ 85281
Centerra is a 202-unit, garden-style apartment community located near Frank Lloyd Wright Boulevard and Shea Boulevard in Scottsdale, Arizona. This location offers residents easy access to employment, high-end shopping, outstanding dining experiences, nightlife and recreation in Scottsdale. The property has been renovated, with all 202 units upgraded.
An Albertsons grocery store is immediately north of the property and a Safeway grocery story is to the west, both within walking distance. Cholla Park and Ancala Country Club are minutes away, as well as dining options such as The Americano, Rosati’s Pizza, Cold Beers & Cheeseburgers, Vito’s Italian Ristorante, First Watch and Blue Adobe Santa Fe Grill. Scottsdale Fashion Square, Kierland Commons, Scottsdale Quarter, Paradise Valley Mall and High Street are all within a short drive of Centerra.
Centerra offers residents two resort-style pools and spas, fire pit with surround seating, barbecue/picnic area, newly designed fitness center with free weights, off-leash dog park and covered parking.
Interior amenities include washers/dryers, Whirlpool stainless steel appliances, microwaves, granite countertops in kitchens, new cabinets in kitchens and baths, walk-in closets, wood-style flooring, window coverings, extra storage, carpeting, and private patios/balconies. Ceiling fans and wood burning fireplaces are offered in select units.
All 202 of the unit interiors have been recently upgraded and a significant portion of the exterior and common areas have been upgraded. Please see pages 10-11 for a list of the recently completed upgrades and enhancements.
Scottsdale, AZ 85259
Tempe, AZ 85283