A new 25-story modernistic, glass-walled, luxury apartment complex housing two-bedroom, one-bedroom, and studio units, is expected to see construction begin sometime early next year.
In the talking stage for more than a year, what is being called the Adeline will see the building of 379 units, as well as a swimming pool, clubhouse, and spacious courtyard.
Set to go up on the northwest corner of Jefferson and Third streets, not far from the Talking Stick Resort Arena, the project is being developed by Houston-based real estate firm Hines Interests Limited Partnership, and represents one of the largest residential projects in downtown Phoenix in recent memory.
Plans submitted to the city for the project also envision a complex with a fitness center, community meeting room, conference rooms, and a community kitchen.
Additional features will include a coffee shop, bike storage, and even a dog spa.
In a statement, Chris Anderson, Hines senior manager, noted that the new Phoenix project will be keeping in with the company’s “long tradition of developing iconic luxury multifamily properties in New York, Washington, D.C., and Houston.”
The Adeline, according to city officials, adds to a newly revitalized downtown Phoenix that has seen the opening of more than one hundred restaurants and bars in the last decade.
More than 2,200 new apartment units have also been built, designed to accommodate a downtown population that has increased from around 2,000 two decades ago to more than 13,000 today.
During the same period of time, downtown Phoenix has additionally been the recipient of more than $5.5 billion in both public and private investments in transportation, technology, education, and art projects.
By Garry Boulard
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