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Hines to Build 25-Story, 379-Unit MF Complex in Downtown Phoenix
Houston-based Hines plans to build a 25-story, 379-unit luxury multifamily complex in downtown Phoenix. The developer purchased a 1.5-acre site and received zoning approval from the City of Phoenix.
Located near Talking Stick Resort Arena, home of the Phoenix Suns, the development will be the firm’s first multifamily project in the Phoenix area. Construction of the 480,000-square-foot building is expected to commence in the first quarter of 2019, and finish in Q4 2020.
The multifamily complex is expected to have 75 studio, 179 one-bedroom and 125 two-bedroom residences. Plans call for the second floor, overlooking Jefferson Street, to have an outdoor junior Olympic-size swimming pool, a 2,800-square-foot fitness center, indoor great room, private conference areas and a community kitchen.
Hines represented itself in the transaction, and Jim Fijan at Fijan Advisors, LLC, represented the seller.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Development

