By Mike Sunnucks | Rose Law Group Reporter
A new apartment development in Tempe without cars or parking will offer residents $3,000 in “mobility benefits” to help them pay for ride share trips, car sharing, scooters and public transit.
That includes buying Valley metro transit passes for residents.
Culdesac Tempe announced details of its “car-free living” program that includes discounts and special programs from Lyft, Bird and Envoy.
The Culdesac project touted as the first “car-free” neighborhood in the U.S.
The apartment development will also have a grocery store, restaurant and coworking space on site.
The mobility benefits include Valley Metro passes, 100 Bird scooters on site and discounts on Lyft ride shares and Envoy car sharing services.
There will be more than 1,000 bike parking — not zero for cars.
The $140 million, 636-unit complex is being developed along the Metro light rail lines on a 16-acre parcel at 2025 E. Apache Boulevard near the Loop 101 freeway.
Culdesac was founded in 2018 by former Opendoor founding executive Ryan Johnson and economic development specialist Jeff Berens.
Tempe-based Culdesac is backed by Khosla Ventures, Zigg Capital, Initialized Capital, Bessemer Venture Partners, and Y Combinator.