INVESTMENT

 
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CENTRAL AVE FULLY ENTITLED MULTIFAMILY SITES

Approved 467 Apartment Units
South of the major intersection of Camelback Road and Central Avenue

 
 
 
 

 
 

LOCATION

The subject sites are prominently situated in the middle of largest concentration of jobs in AZ. Surrounded by major employment and population accelerators, assuring strong, long-term multifamily demand trends.

  • Uptown Phoenix centers at the light rail-fueled surgence around Central Avenue and Camelback Road, where eateries, shopping, office space and residential areas are at a premium.
  • Midtown Phoenix is home to notable landmarks such as Park Central Mall, St. Joseph’s Hospital, Phoenix College, Steele Indian School Park, “Museum District” between McDowell and Thomas (home to the Heard Museum and Phoenix Art Museum).
  • Downtown Phoenix - #1 employment center with over $4B invested since 2006 including the $900M mixed-use CityScape and the $600M expansion of the Phoenix Convention Center.
  • Camelback Corridor - 58,500 office workers which includes approximately 8.5M SF of office space, Biltmore Fashion Park 567,000 SF shopping center. Camelback Corridor is home to exclusive high-end office, retail and residential developments, one of the most prominent addresses in Greater Phoenix. 

hottest intersections to live, work and play

But Camelback Road and Central Avenue, the heart of Phoenix's uptown area, is back as a thriving hub for popular restaurants, cool boutiques, office space, light rail and historic neighborhoods.

METRO LIGHT RAIL

2 of the Metro Light Rail stations are within walking distance of subject sites. A 20-mile light rail line that connects the cities of Phoenix, Tempe and Mesa and Sky Harbor International Airport. Average ridership 40,000 passengers/day.

LUXURY RETAIL

Biltmore Fashion Park (less than 10 minutes) 567,000 SF. The shopping center is anchored by Macy’s and luxury retailer Saks Fifth Avenue and includes high-end shops and eateries such as the Capital Grille, M.A.C, Coach, Apple, Brooks Brothers and Lululemon.