Building starts on 30-story apartment complex in downtown Phoenix
Nov 21, 2017, 4:28 AM | Updated: 8:19 am
(Photo: AZBigMedia)
PHOENIX — The housing market in downtown Phoenix continues to grow as developers begin construction on yet another apartment complex in the area.
According to The Phoenix Business Journal, construction began on the 30-story tower called The Link PHX on Monday.
The Link PHX is described as a mixed-use apartment complex that will feature 257 units as well as offer ground-level retail space.
The complex is expected to offer studio, one bed, one bath and two bed, two bath apartments with high-end features, floor-to-ceiling windows, private balconies and in-unit washers and dryers, according to AZBigMedia.
It is also expected to boast amenities including a rooftop pool, spa, fitness center, group entertainment center, business center and an outdoor dog run.
Related: Phoenix metro area apartment rents continue to increase
The apartment complex will be located at Third and Pierce streets, less than half a mile from Arizona State University’s campus in downtown Phoenix.
The building is the first of a three-phase mixed-use development that will bring “more than 600 rental residences and 21,000 square feet of retail space” over the next 15 years to downtown’s Roosevelt Row, AZBigMedia reported.
When it is completed, the tower will be among the tallest buildings in the state. Developers hope it will “set a new standard for rental living in downtown Phoenix,” said Mark Stinger with Diamond Realty Investments.
Phoenix City Councilwoman Kate Gallego praised the project, saying it and others like it make “downtown Phoenix a true live-work-play destination, further strengthening the downtown economy.”
The Link PHX is scheduled to open in August 2019, according to the Phoenix Business Journal.