By Tasha Anderson for AZBEX
National real estate development firm, Alliance Residential Company has submitted plans to the City of Phoenix for a new multifamily residential development just east of the NEC of Camelback Road and 7th Avenue.
Alliance is requesting a rezoning of the 4.35-acre site at 502 W. Camelback Road, from “Intermediate Commercial District with a height waiver and density waiver, Interim Transit Oriented Zoning Overlay District One” to “Walkable Urban Code, Transect 5:5 District, Transit Uptown Character Area”. The site currently houses the former Hotel 502 on Camelback building, which is expected to be demolished to make way for the development.
The project, dubbed Broadstone Camelback, will add another 284 units to Alliance’s Broadstone multifamily collection around the valley. Broadstone Camelback is proposed as a five-story development comprising a mix of 65 studio, 104 one-bedroom and 115 two-bedroom dwelling units.