Wednesday, July 15, 2015

16th Street & Camelback Offices to be Replaced with Apartments

Vicinity Map (Subject parcel highlighted in red)
234 apartment units will replace the 66,000 square foot office complex at 5125 N 16th Street, just north of the 16th Street and Camelback intersection. The Arbor Court Apartments will consist of studio, one-bedroom, and two-bedroom floorplans in two four-story buildings and will include a pool and community center.

Previous Office Improvements
The Van Tuyl Group purchased the property back in April of 2013 in a bank sale from US Bank for $3.75 million. The apartments will replace the two 3-story buildings of offices which previously improved the property, which were built in 1976 and sat on a total of 4.25 gross acres of land.

For more information on this property including complete history, unit mix, and buyer/seller contacts, visit us at our website or send us an email. We're happy to hear from you!


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