New attainable Tempe housing community caters to those who work from home

PHOENIX — A new attainable housing community in downtown Tempe that caters to people who work from home will host a grand opening ceremony this weekend.

The 129-unit housing development called Dwell will open its doors March 15.

It’s located in downtown Tempe near Fifth Street and Farmer Avenue.

Why is Dwell Tempe housing community considered attainable?

The new community expands accessible housing options in Tempe by offering lower rent prices than other nearby surrounding housing communities.

Dwell was constructed to accommodate both work and living spaces for professionals who work from home. Each of the units may include a separate office, a nook desk area or a built-in desk, depending on the floorplan.

The real estate firm behind Dwell, Holualoa Companies, is located in Tucson.

“Dwell will contribute to the housing necessary to support Tempe’s growing workforce in the downtown area where rents would otherwise continue to climb out of employees’ reach,” Holualoa Companies Director of Development Steve Betts said in a press release. 

Rents are kept lower by building housing units with commercial properties to reduce land and parking costs. Additionally, Dwell replaced luxurious pool amenities by building open spaces to gather, which helped keep rent costs down.

Dwell includes a number of amenities:

• Landscaped walkable areas and outdoor space
• Work-from-home amenities such as Zoom rooms and private meeting areas
• A fitness center and dog-friendly features
• Resident lounges and a rooftop lounge

Other future plans for Tempe include a million square feet of office and commercial space and the addition of hundreds of hotel rooms within a half a mile of Dwell.

The location for Dwell was selected because of the proximity of companies, shopping center, restaurants, nightlife, art venues, outdoor recreation and public transportation options. The project is the first in a series of Dwell developments around the Valley.

“The completion of Dwell will greatly help our city by bringing much needed workforce housing into the heart of downtown Tempe,” Tempe Mayor Corey Woods said in the release. “This project will allow residents to easily commute by mass transit or even walk to work and its location will encourage shopping and dining at local businesses in the area. I am thrilled to see this project come to life.”

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