Scottsdale-based Aspirant Development, a leading residential and commercial real estate developer in the Phoenix metropolitan market, announces construction has nearly been completed on The Stewart, a 19-story, 312-unit luxury apartment building in downtown Phoenix. The property will begin pre-leasing in the fall of 2018 and is expected to open its doors in January 2019.

Aspirant celebrated the pouring of The Stewart’s final structural concrete at a September 6 ceremony on the building’s top floor. The event was attended by representatives from Aspirant along with a host of local dignitaries including Phoenix Vice Mayor Jim Waring, Phoenix Councilman Michael Nowakowski, Phoenix mayoral candidate Daniel Valenzuela, and Phoenix Director of Community and Economic Development Christine Mackay. Following the topping off ceremony, attendees convened at the nearby Phoenix Public Market Cafe for a celebration.

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“We’re excited to be part of the city’s changing skyline by completing a project that has been almost four years in the making,” affirmed Geoffrey Jacobs, partner at Aspirant. “This is the first high-rise apartment building constructed in downtown Phoenix since the 1950s. That shows you how much Phoenix is changing, and we’re proud to be a part of its evolution.”

The Stewart’s general contractor is UEB Builders, and it was designed by CCBG Architects.

The Stewart is a pet-friendly property featuring modern studio, one- and two-bedroom apartments for rent, with 24 unique floor plans ranging from 477 to 1,899 square feet. Apartment homes at The Stewart feature distinctive amenities including expansive private balconies, the latest “smart home” options, abundant closet space, front-loading in-home washers and dryers, contemporary custom-wood cabinetry, quartz countertops, under-cabinet lighting, lofty nine- to 11-foot ceilings, and energy-efficient windows. Residents of The Stewart will enjoy access to an on-site concierge, an eighth-floor 24-hour fitness center with open-air sanctuary, gas BBQ grills, entertainment kitchen, bicycle storage and rentals, 24-hour on-demand parcel lockers, resident boardroom, club room lounge and garage parking. The property’s shimmering rooftop pool and spa, the highest in Phoenix, will afford breathtaking city and mountain views while providing residents with a refreshing oasis from desert temperatures. A restaurant will occupy part of the property’s 9,000-square-foot ground floor.

Offering residents unparalleled convenience in downtown Phoenix, the building is close to the Phoenix Public Market Cafe and Open-Air Farmers Market, The Churchill, prominent sports venues including Chase Field and Talking Stick Resort Arena, performance venues including Comerica Theatre and Crescent Ballroom, The University of Arizona College of Medicine, museums, galleries, and copious nightlife and dining options. For residents traveling within Phoenix and beyond, the property is a five-minute walk to the light rail station and close to I-10. 

Aspirant has selected Avenue5 Residential, a Seattle-based multifamily property management firm with a local operations office in Phoenix, to manage The Stewart.

The Stewart was constructed on the site that formerly housed the Circles Records & Tapes building, and that was originally occupied by The Stewart Motor Company, a Studebaker dealership, in 1947. The upscale apartment building incorporates many architectural details from the original building, including the showroom turntable, where Studebaker cars were displayed and rotated in the semi-circular window. With its blend of historic and modern touches, extensive amenities, and claim to fame as the tallest residential building on Roosevelt Row, The Stewart will provide a distinctive lifestyle experience for discerning residents in the center of dynamic downtown Phoenix.

“I’m proud that, in a city known for its sprawl, 450 people will enjoy an amenity-rich living experience at The Stewart on a little over three-quarters of an acre,” stated Randy Grudzinski, a partner at Aspirant. “Our vision for The Stewart is to draw residents who are looking for a unique urban high-rise lifestyle, and we look forward to enhancing the neighborhood and shaping a vibrant community here in the years to come.”

For more information on the luxury rental residences at The Stewart, or to join the interest list for prospective residents, visit To learn more about the resident experience at The Stewart, visit the property’s Facebook and Instagram pages.