GO 29

Community Development Partners Celebrate Grand Opening of First Senior Housing Project

The Community Development Partners (CDB) celebrated the opening of its Phoenix senior housing project on Tuesday.

The Marquee Apartments utilize a refurbished 1958 building consisting of 34 units.

CDP said that they were “passionate about maintaining the architectural integrity of this classic mid-century modern building,” and worked hard to maintain “period-appropriate finishes consistent with the original design intent.”

All of the 34 units are income and age restricted to residents 62 years of age and older earning no more than 60 percent of the AMI.

The Marquee Apartments is the first of several development projects in the works in the region with additional projects planned in both Phoenix and Mesa. 

The Marquee is an excellent example of the type of building projects that we are focused on bringing to the Phoenix market, each individually and contextually designed to maximize the benefit to residents and the local community,” said Eric Paine, CEO of CDP.

POSTED: . TAGS: , ,
AZRE

About AZRE

Pulling together the multiple facets of the commercial real estate industry in Arizona, AZRE: Arizona Commercial Real Estate Magazine reaches out to the largest local and national commercial real estate audience within the Grand Canyon State and beyond. AZRE covers up-to-date happenings within commercial development, brokerage, construction, investment, finance, architecture, property management, real estate law and more as it relates to Arizona. Additionally, AZRE is an active voice within the commercial industry, partnering with such organizations as NAIOP, ABA, ICSC AZ, AIA AZ and Valley Partnership.