Hatteras Sky, along with capital partner Bridge Investment Group just started work on a 23-story mixed-use high-rise apartment project at First Avenue and West McKinley, in what is called Roosevelt Row.

The project, called Saiya, will feature 389 multifamily residential units and 12,550 square feet of street-level retail, including the preservation of the historic McKinley Medical Office Building.

“Saiya is a unique and attractive opportunity to bridge the gap between Phoenix’s housing supply and soaring housing demand, while also providing future residents with extraordinary access to the best of Roosevelt Row’s arts, parks, entertainment, food and beverage…as well as downtown Phoenix,” said Hatteras Sky’s Oz Friedman.

Plans call for a rooftop pool, elevated outdoor courtyards, fitness center, game room and rooftop kitchen and bar. The first units are expected to be delivered in the summer of 2024. JE Dunn is the builder, East West Bank and Poppy Bank are providing the construction financing.