Work could begin later this spring on a new and large apartment community in Tempe.
The Indianapolis-based Milhaus company says it wants to build more than 600 units at the intersection of Miller Road and E. Curry Road, on the north side of the Tempe Town Lake.
The complex will also be roughly one mile to the north of the campus of Arizona State University, with students from that school expected to make up a significant portion of its tenant base.
The first $91 million phase of the project, in a part of the city made up of smaller businesses and some apartment complexes, will see the building of an initial 311 units.
Those first units will vary in size from 500 square feet to around 1,400 square feet. Amenities include a clubhouse, library, fitness center, dog park, and grill stations.
The project is being done in conjunction with the Banyon Residential firm, which is based in Los Angeles.
According to reports, Milhaus ultimately wants to have some 2,000 units in the region under its banner, either through new construction or acquisition, between now and 2026.
Milhaus specializes in the development of urban, multi-family residential buildings, and has been particularly active in the Midwest and South.
By Garry Boulard
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