Search
 

Wood Partners to Develop 296 Units

TEMPE, AZ-The Marietta, GA developer is in the process of acquiring seven acres just south of ASU's Karsten Golf Course, on which it will build the student housing project.

By Amy Wolff Sorter | Updated on August 06, 2013

TEMPE, AZ-Business Real Estate Weekly of Arizona reports that Wood Partners is in the process of acquiring seven acres on which it will build a 296-unit apartment complex. The site in question is east of Arizona State University’s campus and south of the university’s Karsten Golf Course.

BREW says the Marietta, GA developer will pay approximately $7 million to seller St. Paul Fire and Marine Insurance Co. for the site, which is currently undergoing zoning. Wood Partners plans to launch construction on the project during Q4 of this year. The plan is to open the complex by Q3 2014.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.