Hines, the international real estate firm, announced today it has broken ground on Adeline, a 25-story, 379-unit luxury for-rent residential high-rise community at the Collier Center in downtown Phoenix. The new development is near Talking Stick Resort Arena and the new downtown Fry’s grocery store, and the site is one of the last parcels of land available for development in the heart of downtown Phoenix.
“Hines is thrilled to bring our luxury multifamily experience and design to Phoenix. Adeline’s location offers the city’s luxury lease residents unparalleled access to the best of downtown Phoenix’s transportation, entertainment and business,” said Chris Anderson, senior managing director and Arizona leader for Hines. “Inspired by one of the city’s first great female leaders, the Adeline project pays homage to an important leader in our history, while offering ultra-luxurious interior design with a cutting-edge style, world-class amenities for busy lifestyles and a downtown retreat at an expansive private park.”
The 480,000-square-foot building will be located at 222. E. Jefferson St. on 1.46 acres on the northwest corner of Jefferson and Third Streets, near two light rail stops – ideal for residents who want to enjoy the downtown lifestyle. The multifamily complex is expected to have 75 studio, 179 one-bedroom and 125 two-bedroom residences. Leasing prices haven’t been finalized yet.