COURTESY GREENSTONE PARTNERS
Greenstone Partners and ORION Investment Real Estate announced the marketing of a newly entitled land opportunity at 1734 E. Apache Blvd. in Tempe, with an asking price of $8.5 million.
The property encompasses four combined parcels totaling 83,849 square feet, recently re-zoned as mixed-used high density in May, a press release explained.
“The property’s prime location adjacent to a Valley Metro station, along with its close proximity to downtown Tempe and Arizona State University, makes it an ideal site for a new multifamily development,” Danny Spitz, CEO and managing partner of Greenstone Partners, said in the release.
The city of Tempe has approved a comprehensive site plan for the property, which includes 275 dwelling units and approximately 5,000 square feet of commercial space.
