A much-anticipated luxury apartment complex could see construction later this year just to the north of downtown Phoenix.
Plans for the construction of the complex at 502 W. Camelback Road have now won a rezoning approval, changing the 4.3-acre site from an “intermediate commerce district” designation to a “walkable urban code” designation.
To be called the Broadstone Camelback, the project will include 115 two-bedroom units, along with 104 one-bedroom units and 62 studio apartments, all housed in a massive 5-story brick and stucco building.
The project, in a part of the city dominated by mostly one-story stores, is being developed by the Phoenix-based Alliance Residential Company.
One of the largest private multifamily development companies in the country, Alliance has invested more than $10 billion in development projects nationally.
The Camelback Road site is the former home of Hotel 502, a 166-room one-time Red Roof Inn that was built in 1976.
The hotel, which discontinued operations in early 2018, will be demolished to make way for the project.
According to city documents, the new complex will also include green space, a swimming pool, fitness center, lounge area, bike storage/repair area, and dog park.
By Garry Boulard
