Highly anticipated apartment project enters pre-leasing phase
Capital Place, the highly anticipated $50 million apartment complex coming to Downtown Phoenix, will begin accepting pre-leasing agreements this September. Florida-based Epoch Residential is developing the 1.87-acre site on the corner of Washington and 11th St. and the 1.92-acre site on the corner of Washington and 12th St., into 11 Capital Place and 12 Capital Place respectively. Combined, the two kitty-corner buildings will add 292 luxury apartment units to Downtown Phoenix, housing approximately 400 residents.
Capital Place will offer spacious studio, one, two and three bedroom floorplans ranging in size from 581 to 1,324 square feet. Each residence will feature contemporary finishes including custom kitchen cabinets, granite countertops, stainless steel appliances, ceramic sink and tub surrounds, vinyl plank flooring and ceiling fans in all bedrooms. Complete with nine-foot ceilings, master bedroom walk-in closets in two and three bedroom floorplans and covered balconies in every home, Capital Place will offer its residents luxury living in the heart of Downtown Phoenix.
“As our first development in Phoenix, Capital Place is an exciting project for us and for Downtown,” said Justin Sand, president and chief operating officer of Epoch Residential. “There is significant urban movement taking place right now with infill development making Downtown living more appealing to millennials and young professionals. Capital Place allows prospective residents to lease an urban lifestyle with a premier location and unmatched amenities.”
Each four-story building will include its own clubhouse, a 24-hour top-of-the-line fitness center, a social lounge with a pool table and widescreen TV, lushly landscaped courtyards, an outdoor fireplace with seating, barbeques and picnic areas, assigned covered parking and secure bicycle storage. The complex also features a swimming pool, media and game room, coffee bar and café, as well as eight live/work units on the ground floor with retail storefront exposure.
Capital Place is currently under construction, with completion scheduled for early 2016. Pre- leasing will begin in September through yourcapitalplace.com. Rental rates range from $1,100 to $2,400 per month. Epoch Residential also will manage both properties.
