Work is set to begin on the construction of a multi-housing community on the east side of Flagstaff that will include 224 residential units, as well as up to 6,000 square feet of retail space.
What is being called the Flagstaff Elkwood will go up on just under 14 acres at the northeast corner of E. Butler Avenue and N. 4th Street in a part of the city thick with pine trees.
The project belongs to the Calgary-based Wexford Developments, which purchased the site last year and has just secured nearly $50 million in construction financing to build the community.
As planned, that community will see the construction of four separate 4-story buildings of 56 units each, offering units ranging in size from studios to one- and two-bedrooms.
The project will also include a leasing office measuring around 4,000 square feet, as well as a clubhouse, fitness center, amphitheater, and both swimming pool and spa. Designer for the project is the Scottsdale-based Stewart + Reindersma Architecture.
A project with appeal for students, the Flagstaff Elkwood will be located some 3 miles from the Flagstaff campus of Northern Arizona University.
With work beginning either later this year or in early 2023, the project is expected to see completion in the final quarter of 2024.
Wexford Developments specializes in retail, industrial, and commercial projects primarily in Canada and Arizona.
By Garry Boulard
