Concord Eastridge Closes on Mixed-Use Deal in Phoenix

The mixed-use development will serve students from Arizona State University, the University of Arizona College of Medicine and Phoenix Biomedical Campus.

 

Phoenix — Scottsdale, Ariz.-based Concord Eastridge has purchased a 2.89-acre parcel of vacant land in downtown Phoenix with plans for development of a multi-unit residential property with complimentary retail and restaurant space. Located between Third and Fourth streets on the east and west, Roosevelt Street on the north and Garfield Street on the south, the development features two residential buildings with street-level retail facing Roosevelt Street and a parking garage.

 

“We saw a need for more student and workforce housing in downtown Phoenix and wanted to be a part of the growing vibrancy of the area,” said Susan Eastridge, chief executive officer of Concord Eastridge, in a statement. “I’m looking forward to this property supporting the growing population of students and instructors at Arizona State University, the University of Arizona College of Medicine and the Phoenix Biomedical Campus. This also represents an attractive option for downtown workers and others seeking an urban lifestyle.”

 

 

 

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