17-story multifamily unit expected to be completed in early 2021
By Angela Gonzales | Phoenix Business Journal
The Scottsdale developer of the Stewart Apartments — a 312-unit, 19-story high-rise apartment tower in downtown Phoenix — is about to embark on another tower nearby, just as its parent company is preparing to work on another custom homes project in Arcadia.
Geoff Jacobs, principal of Aspirant Development LLC, a division of Scottsdale-based Empire Group, said he expects to break ground in April on a 17-story, 254-unit project called Aspire. He estimates it will cost about $80 million to develop.
The project will be at Third Avenue and Fillmore Street, about half a mile from the Stewart, 800 N. Central Ave.