By in Business PHX
High Street Residential, the residential subsidiary of Trammell Crow Company, and joint venture partners Mar-Gulf Management Inc. and MDI Capital, LLC, the international real estate subsidiaries of Kuwait Financial Centre, have broken ground on Union Park Residences in Phoenix’s Norterra master-planned development. The 308-unit, four-story, Class A community will sit on 8 acres and is expected to be completed by the fourth quarter of 2027.
Located at 2215 W. Union Street in northern Phoenix, Union Park Residences will include studios, one- and two-bedroom units ranging from 600 to 1,400 square feet. The high-end contemporary unit finishes will include premium cabinets, large kitchen islands with quartz countertops, tile backsplashes, stainless steel appliances, and tiled shower and tub surrounds. The expansive community amenities will include a pool, spa, fitness center with a sauna and cold plunge, spacious coworking area, pet spa, dog run, club room, and game lounge.
Union Park Residences will be situated in the heart of Norterra, a vibrant master-planned community renowned for its blend of modern suburban living, charming streetscapes, and walkable retail. Located within one of Phoenix’s most dynamic growth corridors, the area spans nearly 400 acres and features a mix of over 1,000 homes, apartments, and 250,000 square feet of commercial and office space. Adjacent to Union Park Residences will be a new 45,000-square-foot, two-phase retail development from Affinius and RED Development. Tenants within the retail center include Shake Shack, Cava, First Watch, Paris Baguette, and Firebird’s Wood Fired Grill.
