By Arizona Daily Star
Seizing on Tucson’s hot real estate market, a downtown hotel is being converted into an apartment complex.
Scottsdale-based investment firm, Sterling Real Estate Partners, has acquired Hotel Tucson City Center, 475 N. Granada Ave., and will flip the 278-unit hotel into a 210-unit apartment complex.
The firm plans on modernizing the interior and exterior of the property, originally built in the 1960s, with plans to make use of excess land for an additional 154 units at a later date, a news release said.
