PHOENIX—The P.B. Bell Companies has begun construction on Velaire at Aspera, an apartment community within the Aspera mixed-use development in Glendale.
Located at 75th Avenue and the Agua Fria Loop 101 Freeway, Velaire at Aspera will offer 286 luxury apartment homes in a resort-like setting, with amenities that include an electric-car charging station, an agility dog park and a state-of-the-art fitness facility with TRX equipment, in addition to other recreational opportunities.
Chapin Bell, president of P.B. Bell and Associates, tells GlobeSt.com, “There has been no new product in this submarket for approximately 12 years, so there is a demand for the apartments of today. What we are doing is bringing a different quality, a new community. We're bringing a fresh, upscale community and creating housing for the area—we are confident of the need. We are also excited to work in Glendale again; they liked the mixed-use component and they've been great to work with.”
P.B. Bell will also oversee construction and long-term management of Velaire at Aspera after the community opens in early 2017. MT Builders, Inc., owned by Philip Bell and Mike Tarver, will serve as the general contractor on the project.
“It is always exciting to break ground on a new project, especially one that will make such an impact on the surrounding area,” Michael Trueman, P.B. Bell's vice president of development, says. “Aspera has a vision of being an integrated community, and Velaire will only add to its appeal. We are thrilled to be a part of this project.”
Velaire at Aspera, a nearly 13-acre site cushioned on either side by two lakes, consumes most of the northern portion of the Aspera community's 75 acres, which will also support retail, healthcare and assisted living components. The Velaire at Aspera apartment complex will neighbor Banner Healthcare offices, a Mountainside Fitness, stores and restaurants, a senior living community, and Treasure House, a first-of-its-kind residential facility for young adults with intellectual and developmental disabilities, co-founded by former Arizona Cardinal Kurt Warner and his wife, Brenda.
“The whole design of the Aspera community lends itself well to a P.B. Bell-developed property, built from the ground up with its purpose and surrounding community in mind,” Trueman says.
Residents at Velaire at Aspera will have access to a pedestrian-friendly retail center filled with neighborhood restaurants, financial institutions, retail shops and fitness clubs.
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