The company assumed a $47.9 million loan to develop The Cameron, a 349-unit luxury community in Tempe.
By Tudor Scolca | MHN
StreetLights Residential has broken ground on its first luxury community in Arizona. Dubbed The Cameron, the 349-unit property will be located in Tempe and will feature landscape designs by Linda Tycher & Associates, interior designs by 5G Studio and overall architectural direction by WDG Architecture. According to Yardi Matrix, StreetLights assumed a $47.9 million construction loan for The Cameron, held by Zions Bank.
The Cameron will have four stories and comprise studios, one-, two- and three-bedroom units, ranging in size from 504 to 1,660 square feet. Interiors will feature natural stone, metals and warm wood designs, with granite and quartz countertops, custom cabinetry, stainless steel appliances and a surround sound system. Common-area amenities will include a resident bar, private dining space, a fitness center, yoga lawn, creative space, a swimming pool and bocce ball courts.
