April 19, 2024 5:10 pm
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Vedura Residential closes on Central Ave apartment land

Central Ave apartment

By Belfiore Real Estate Consulting

Central Ave apartment According to public record, Vedura Central LLC closed on a 3.4 acre infill apartment site along Central Ave south of Camelback road. The deal closed Wednesday for $4.5 million ($16,917 per planned unit). The seller was a limited partnership with Sunbelt Investment Manager LLC listed as the general partner.

According to Vedura Residential’s website, the site is planned for a 266-unit four story wood framed apartment building wrapped around a six story concrete garage. The complex will offer studio, one and two bedroom units with an average unit size of 768 square feet. Construction is estimated to begin in December 2013 with leasing anticipated to begin in February 2015.

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.