The world’s first-post-car real estate developer, Culdesac, today announced it is interviewing Arizona operators who align with its vision for only a dozen spaces available in its retail phase, which will provide essential services to residents and also serve as a retail destination for the Phoenix area.
As the country’s first car-free neighborhood built from scratch, Culdesac (2025 E. Apache Blvd. in Tempe) is being developed near the Apache Blvd. & Smith-Martin Valley Metro Station. The Tempe project marks the nation’s first and only agreement between a city and a developer to build a neighborhood-scale community with zero residential parking. Residents will not have private cars or parking spaces although the retail area will have ample parking with 150 spaces.
Planned to open in the fall of 2020, Culdesac is a $140 million project with 636 residential units, 24,000-square-feet of retail and 35,000-square feet of amenities on 16 acres. See a virtual reality tour of the community.