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Toll Brothers Helming Downtown Phoenix Apartment Build
Toll Brothers Apartment Living has landed construction financing for a 313-unit rental project in Phoenix. Multihousing News reports the developer and joint venture partner EJF Capital first announced plans for Henri in October 2022, breaking ground in July.
Banc of California has provided a $65 million construction loan for the property, which is being designed by Architects Orange.
More than 36,000 square feet of amenities on site will include:
- A resident lounge, a club and game room and a library and study room.
- A chef demonstration kitchen and dining area.
- Collaborative coworking spaces.
- A listening lounge and studio booths.
- A resort-style pool and courtyard.
- A rooftop deck.
- Pet-friendly services.
- A 455-space parking garage with electric vehicle charging stations.
Henri represents Toll Brothers’ fourth community in the Phoenix metro. The company previously broke ground on the 403-unit Callia multifamily project in the area, alongside The Davis Cos., in May, and opened the 323-unit Haverly apartment community in November.
- ◦Development
- ◦Financing
