Plans have been approved for the construction of 144 one- to five-bedroom rental units in Tucson in an area of the city just blocks from the main campus of the University of Arizona. As proposed by the Birmingham, Alabama-based developer Capstone Collegiate Communities, the project, which has now won the unanimous approval of the Tucson City Council, will go up on a 1.4-acre site at the intersection of E. Speedway Boulevard and N. Euclid Avenue. Capstone officials have said that 30 of the one-bedroom rental units will be designated as income-restricted. According to city documents, those apartments will legally remain so classified “for thirty years from the date that the workforce units are placed into service.” The six-story complex in what is known as the West University part of town will also house up to 3,000 square feet of retail space, grilling stations, a fitness center, and lounge space. In negotiations with the City of Tucson, Capstone agreed to purchase and relocate five historic 1920s-era houses at the site, rather than have them demolished. Those mostly Bungalow Architecture-designed structures, according to neighbors, represent a sleepier era when the West University section of the city was nearly all residential. Transported to several empty lots near Second Avenue and First Avenue, the homes will then be updated and rented out. Launched in 2012, Capstone specializes in student housing, as well as multi-family and mixed-used town centers nationally. The company has had a particular presence in the South, but has also taken on projects in Albuquerque, Colorado Springs, Fort Collins, and Tempe. By Garry Boulard
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