New MF high-rise coming to DT Phoenix

By Leah Draffen

Korman Communities, in partnership with RXR, has revealed its latest project in the Phoenix market. The Class AA residential high-rise, AVE Phoenix Sky, will offer 254 residential units, 17,000 square feet of amenity space, and 4,350 square feet of retail space within 17 floors. 

Like its mid-rise neighbor AVE Phoenix Terra that opened in March 2022, AVE Phoenix Sky will offer both flexible-stay furnished apartments and luxury apartment rentals. 

“We are thrilled to be opening AVE Sky as the newest Class AA property to enter the downtown Phoenix market. This breathtaking high-rise will offer residents amenities, finishes, and views that are unparalleled, and it’s the perfect complement to our existing mid-rise AVE Terra, just a block away,” says Bradley Korman, co-CEO of Korman Communities. “We value our partnership with RXR that has allowed us to target and develop the best properties in the best locations nationwide, with Phoenix being a core market for continued growth.” 

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