AZRE | AZBigMedia
The world’s first-post-car real estate developer, Culdesac, today announced tenant interest is above projections at this time. Culdesac has secured its waitlist for Phase 1 with 136 people (a waitlist for 21% of its total rental units) indicating strong demand for the car-free neighborhood and lifestyle Culdesac Tempe community will offer. Future residents began signing up in mid-January 2020 and Culdesac’s waitlist was filled during the first week of April 2020.
Planned to open in 2021, 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. In typical developments, the parking lots often dictate the design—and without this constraint, Culdesac Tempe’s car-free neighborhood is able to offer three times the average amount of green space, along with friendly courtyards and community spaces, contributing to a walkable lifestyle. See a virtual reality tour of the community.