PHOENIX—Developers Ray and VeLa recently revealed the groundbreaking of Ray Phoenix, a design-forward multifamily residential building that features one of the region's most comprehensive amenity packages, spacious studio, one and two-bedroom apartment units with floor-to-ceiling windows offering mountain and skyline views, a ground-level exhibition venue and retail, and a site-specific mural in the resident lobby by renowned American multimedia artist Alex Israel.

Designed by architectural firm Johnston Marklee & Associates, in partnership with Lamar Johnson Collaborative, the building will be located in the Roosevelt Row Arts District, with an aim to enhance the community by making art, architecture, and design highly accessible to its residents.

Co-developed by Ray and VeLa, the 26-story, high-rise building will encompass approximately 523,000 square feet, including 401 residential rental units— 193 studios, 116 one-bedrooms (including den and duplex options), and 92 two-bedrooms (including duplex and penthouse options)—a large fitness center, yoga studio, outdoor resort-style pool, communal kitchen and fireplace lounge, sunken lounge with theater experience, dog wash stations, indoor and outdoor gardens, workspaces and more, according to a prepared release.

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

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
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.

Natalie Dolce

Natalie Dolce, editor-in-chief of GlobeSt.com, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.