The buildings at Third Street along Roosevelt Row have been steadily rising into the Downtown Phoenix skyline since breaking ground in March.
Now the project has a name reflecting its geographical and social place in the community: Roosevelt Point.
In addition to the new name, Memphis-based EdR and Scottsdale-based Concord Eastridge are launching the public website for potential residents to find more information on the project: RooseveltPoint.com.
The temporary leasing office will open in the Arizona Center next to the AMC movie theater on Oct. 3, but the staff is available to answer calls now at (877) 804-7115. The leasing office address is 455 E. 3rd St., Suite #1080, Phoenix, 85004.
The project’s completion date is targeted for July 2013. The two apartment buildings are designed to be attractive options for students and new graduates affiliated with Arizona State University Downtown Phoenix Campus, University of Arizona’s College of Medicine and the Phoenix Biomedical Campus and other young urban professionals.
Upon completion Roosevelt Point will include approximately 326 apartments with studios, one-, two-, three- and four-bedrooms. Each bedroom will have a private bathroom. The community will also feature a parking garage and other upscale amenities such as common areas, fitness and tanning facilities and swimming pools.
Rent levels have not been determined, but will include all utilities, high speed Internet and basic cable service.
7,500 SF of retail space fronts Roosevelt and Fourth streets and will be subdivided depending on future tenant needs. The company will seek retailers that will appeal to all downtown residents.
Concord Eastridge is developing the project, which will be owned jointly with EdR. EdR is the majority owner and managing member of the joint venture and will manage the community. Hardison/downey is the general contractor.