Summit dck has begun construction of The Argo at Town Lake apartment community on Rio Salado Parkway in Tempe.
Located across from The Tempe Center for The Arts and Tempe Town Lake, the 605,000 GSF mixed-use development is a 328-unit apartment community atop a ground level parking garage and includes retail space, bike shop, business center, coffee shop and leasing office along the north frontage. Lennar is the developer.
The apartments will consist of a mixture of Studio, 1-bedroom, 2-bedroom, and 3-bedroom units as well as fifth floor lofts, and live-work units along 1st Avenue. Other features include a media/theatre room, two swimming pools, a two-level fitness center, and a fifth-floor clubhouse with a view patio overlooking the Tempe Town Lake.
Architectural elements include a large fountain at the front, and 90-foot tall steel panel “sails” with LED color change lighting for a nautical look that will be visible from the freeway across the lake. The building will feature a combination of full height storefront, residential windows, metal cladding, glass and ornamental rails and stucco.
Summit dck was involved with an extensive preconstruction period with actual construction commencing in May. Valued at $39.5M, project completion is anticipated for 1Q 2015. Design services are provided by Todd & Associates Architects of Phoenix.