MIXED-USE DEVELOPMENT OPPORTUNITY

INVESTMENT HIGHLIGHTS

Premier Location in Phoenix’s Arts District

• The property is centrally located between Midtown and Downtown Phoenix, less than 1/4 mile away from the I-10 Freeway and Phoenix Light Rail.
• The Property is surrounded by high-demand amenities including the Phoenix Art Museum, the Heard Museum, and major cultural hubs, offering an unparalleled location for prospective residents.

Development Opportunity in a High-Growth Market

• Buildable up to 150 residential units and spanning ±55,000 SF, this site is an ideal canvas for a 6-story, mixed-use development concept.
• Phoenix is one of the nation’s fastest-growing markets with 2.7%+ annual population growth projected through 2027 in a 3-mile radius.

Proximity to Employment Hubs

• The site benefits from proximity to 150,000 employees in Downtown Phoenix and an additional 27,000 employees in Midtown.
• Nearby major employers include St. Joseph’s Hospital and Banner Medical Center, two of Phoenix’s largest healthcare providers, providing built-in demand for residential units.

Robust Demographics and Rental Market

• Within a 2-mile radius, 67% of housing units are renter-occupied, reflecting strong demand for multifamily developments.
• The average household size of 2.4 and a substantial base of young professionals align perfectly with the conceptual studio, 1- and 2-bedroom units.

Walkable, Amenity-Rich Surroundings

• Steps away from ASU Downtown Campus with over 11,000 students, top-tier educational institutions, parks, and sports venues including Chase Field and the Footprint Center.
• Near by neighborhoods like the Willo Historic District and Coronado District enhance residential appeal with their historic charm and community atmosphere.