December 18, 2024 7:06 am
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Tucson hotel being converted into apartments

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.

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.