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Apartment Construction Following in Wake of New Businesses

PHOENIX-The latest or more than a half dozen apartment buildings to go up here in recent years begins pre-leasing this month.

By D.J. Burrough | Updated on October 02, 2000

PHOENIX-Pre-leasing begins this month on Lexington on Central, a 131-unit gated apartment complex along one of Phoenix’s main business corridors. The project, located just west of Central Avenue and south of Camelback Road, will feature 54 one- and 77 two-bedroom units, ranging in size from 798 sf to 1,300 sf. Rents will range from $790 to $1,350.

Lexington on Central is the latest of more than a half a dozen complexes to go up in the central business district area in recent years. The now vibrant Downtown is attracting more and more businesses and along with it residents who don’t want to make the daily one-hour commute to the suburbs.

“Metro Phoenix has enjoyed a banner year for urban and downtown infill residential projects,” says David Picerne, president of Picerne.

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