PHOENIX—Peak Campus Development announces that it has started construction on a 213 unit/600 bed apartment community in Tempe adjacent to Arizona State University's main campus. The project is slated to open in August 2015.
“We've spent considerable time in the Tempe market looking at opportunities and this project has all of the right elements—an ideal location and a highly differentiated concept to serve the growing housing needs of one of the nation's largest universities,” said Jeff Githens, vice president, Peak Campus Development.
The project offers fifteen unique unit plans, including two-story lofts in five interconnected buildings that surround an active courtyard. All residential units will come fully furnished with high-end finishes, private bathrooms in every bedroom, walk-in closets, full-size washers and dryers, stainless steel appliances and granite countertops. Most units will also contain their own private balcony.
Indoor amenities include a two-level multi-purpose room, theater, golf simulator, kitchen, business center, and a state-of-the art fitness center with rock climbing wall, yoga and spinning studios, and fitness on demand. The project also provides ample structured parking and indoor/outdoor bike storage.
The modern building exteriors will be flanked by significant streetscape improvements along the Lemon Street and Terrace Road corridors. The large active courtyard will contain a resort style pool, hot tub, fire pit, and ample seating and lounge areas. The project also has more than 8,000 square feet of ground level retail and is within a block of two light rail stations.
The project will open its leasing center in fall 2014 and is being managed by Peak Campus Management.
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