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Landmark Towers Reopens After $6M Rehab

PHOENIX-The city's only high-rise apartment community today celebrates a grand re-opening following a retooling by new owner Crown Pacific Properties of San Diego. Built in 1964, the 17-story, 255-unit tower at 4750 N. Central Ave. retains its retro feel.

By Jennifer D. Duell | Updated on November 18, 2004

PHOENIX-Crown Pacific Properties LLC today will host a grand re-opening ceremony to unveil the $6-million renovation of Landmark Towers, the city’s only high-rise apartment community Built in 1964, Landmark Towers was once the crown jewel of rental properties in Phoenix.

San Diego-based Crown Pacific Properties acquired the 17-story, 255-unit tower earlier this year, making its first acquisition in Phoenix. “When we first saw the building…it was obvious that it hadn’t been taken care of, but we felt that the bones of the building were good and that it could be terrific if you were prepared to spend the money to update it and bring it back to its original ambiance,” John Ed Easley, president and CEO of Crown Pacific, tells GlobeSt.com.

Easley says Crown Pacific also was attracted to the building’s location. Located at 4750 N. Central Avenue, Landmark Towers is just a few minutes north of downtown. “It has a lot of visibility, and the future light rail will go right in front of the tower,” he says. “We think that will benefit us in the years to come.”

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