Plans are proceeding for the construction of a big 25-story apartment building set to go up in downtown Tempe.
The project jointly belongs to developers CA Ventures of Chicago and Wexford Development, which is based in Calgary, Alberta, and will see upon completion the construction of up to 38,000 square feet of commercial space and such amenities as a swimming pool, fitness center, and club room.
The structure will be built at 16 East University, in a part of the city thriving with multi-story office buildings of a more recent vintage.
The project, which has been in the talking stage for months, will include up to 100 studio-sized apartments, along with 99 one-bedroom units. The largest unit section will be given over to a planned 254 two-bedroom apartments.
In the last decade fire pits have become the rage in many modern apartment complexes, even in dense urban surroundings. The same holds true for what is being called 16 East, with fire pits to be featured on the 8th and 25th floor amenity decks.
Tempe has enjoyed a more than 10% growth rate in the last two decades, contributing to a current population of around 184,000. Although it isn’t large by the standards of Albuquerque, El Paso, and Phoenix, Tempe, according to the website Bellhop, “has plenty of character and big-city amenities,” as well as a “thriving nightlife.”
By Garry Boulard
