Phoenix — The $52 million Roosevelt Point is the first developemnt for EdR in Arizona.
Phoenix — Roosevelt Point, a joint venture development between EdR and Concord Eastridge, will open August 1, 15 days ahead of schedule. EdR, which will manage the property, is alerting the mainly graduate student residents that they will be able to move in early. EdR and Concord Eastridge are still seeking retailers for the project.
EdR owns and manages several collegiate housing properties in Arizona, but Roosevelt Point is EdR's first development in the state. Concord Eastridge is the developer, and EdR will be the majority owner.