A new apartment building is being built near the Downtown campus on Fourth and Roosevelt streets. (Photo by Shelby Bernstein)Downtown Phoenix will soon offer new housing options to students next fall.
Concord Eastridge, a national real estate company with a headquarters in Scottsdale, is developing the Roosevelt Point apartment complex on Fourth and Roosevelt streets, just a couple blocks away from the Downtown campus.
Concord Eastridge Senior Vice President Steve Schnoor said the project will be done by next July so students can move in for the fall 2013 semester.
“Roosevelt Row is a very exciting neighborhood that is continuing to get more and more interesting,” Schnoor said.
Schnoor said residents are not required to be students, but the company’s primary market consists of upper-divison and graduate students attending ASU or UA’s College of Medicine.
Schnoor said the project costs $52 million and will consist of two residential buildings with a five-level parking garage in the middle.
The north building will be seven stories tall and the south building will be eight stories.
The two buildings will have 326 rooms and will be able to hold approximately 600 residents.
Floor plans vary from studio apartments to four-bedroom units ranging in price from $709 to $979.
Schnoor said the apartments are similar to those near the Tempe campus because every bedroom has a private bathroom and each unit has a full kitchen, a washer and a dryer.
There will be a pool and exercise room in each of the buildings as well.
Journalism sophomore Mike Smith lived in Taylor Place last year but now lives at the Domain in Tempe.
Smith has classes downtown and finds it hard to stay late on campus without worrying about missing the light rail home.
“I didn’t realize how convenient it was to live downtown until I left,” he said.
Journalism sophomore Kari Osep lived in Taylor Place as a freshman last year and now gets paid to work as a peer mentor there this year.
Osep said she enjoys dorm life because she likes meeting people from all over the country.
“There has been such a burst of students who came to live (at Taylor Place) since last year,” Osep said. “I think as ASU progresses there will be a good balance between living in dorms and downtown apartments.”
Osep said she would like to live in Taylor Place and work there for one more year after this one, but she is considering Roosevelt Point for her senior year housing.
Michelle Harrison, assistant account executive of the Roosevelt Point project, said students can get more information about Roosevelt Point on their recently launched website or at their booth at First Friday on Oct. 5.
She said the developers are opening a temporary leasing office Oct. 3 in the Arizona Center next to the AMC movie theater.
Reach the reporter at hblawren@asu.edu or follow her on Twitter @hannah_lawr
