Phoenix infill project tops 500 units

Phoenix
Phoenix
Map credit- Google

By Roland Murphy for Arizona Builder’s Exchange

Pending zoning approval and relocation of current tenants, Investment Property Associates will combine an existing apartment complex and office project into a new 500+ unit housing development on 16th St. between Camelback Road and Colter St.

IPA will purchase the two adjoining properties, totaling 13 acres, for a combined $26.4M. Existing buildings will be razed to make way for the new development.

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