Indianapolis-based developer enters Arizona with $177M Tempe project
PHOENIX — Milhaus, an Indianapolis-based developer, is entering the Arizona market with a $177 million apartment community that will be located close to downtown Tempe, the company announced.
The project will begin with a $91 million first phase of 310 studio, one-, two-, three- and four-bedroom units before eventually reaching 621 units when the apartment community is complete.
Scheduled to break ground at 1245 E. Curry Road this month, the complex will offer residents a pool deck, grill stations, outdoor spa, fitness center, a clubhouse, a library, a dog park overlooking downtown Tempe and more.
It marks the largest development to date for the Indianapolis company, according to a press release, and first on the West Coast.
“I can’t think of a better place for Milhaus to join the Arizona market than Tempe,” Brad Vogelsmeier, Milhaus vice president of development, said in the release. “The employment opportunities, entertainment scene and proximity to ASU and Tempe Town Lake make it an appealing location both for residents and developers alike.”
Milhaus is working alongside Los Angeles-based development firm Banyan Residential on the project.
The company – which develops, constructs and manages properties around the country – has an additional location in Tempe on Apache Boulevard that is coming soon.
Milhaus has properties in Florida, Indiana, Kansas, Kentucky, Missouri, North Carolina, Ohio, Oklahoma, Pennsylvania, Tennessee and Wisconsin.