Construction Today - June 2017 - 103
distance of the arts district, downtown and all the sports and
entertainment venues. It's really in the middle of everything."
Encompassing roughly 295,500 square feet, the four-story building with a few lofts on the top floor will have an
8,000-square-foot Mexican restaurant on the first floor and an
additional 4,400 square feet of yet-to-be determined retail space.
Broadstone Roosevelt Row's amenities will include a resort-inspired pool and pool house with private cabanas, two-story
fitness center with top-of-the-line equipment, rooftop pavilion
and a clubroom. The complex will boast a variety of high-tech
features that include Sonos sound systems, GE Wi-Fi-connected
appliances and Nest self-learning, Wi-Fi-enabled thermostats.
Residents will be able to choose between studios and one-, twoand three-bedroom apartments that range in price from $1,425
to $3,000 per month.
Targeting millennials as well, the Broadstone Lakeside luxury
apartment complex will offer 150 rental units near Tempe Town
Lake in Tempe. The area is known for condos and rental units
along the lakefront area.
The $30 million project should be completed by spring 2018,
though the first phase - its south building with 64 units - will be
ready for occupancy by the end of this year. The 166,000-squarefoot apartment complex will be very similar to Broadstone Roosevelt Row. It will house studio and one-, two- and three-bedroom
apartments that range in price from $1,425 to $3,000 per month.
The four-story complex with lofts on the top floor will also have a
two-story underground parking garage.
A shared office on the first floor will include a conference
room, break room with sink and fridge, various cubicles and
resident gathering spaces. "The thing that makes this unique
is the waterfront component," D'Andrea says. "We're in the
desert and being adjacent to a body of water is a significant
Amenities include a pool house, rooftop terrace, a
2,500-square-foot fitness center and a club room with TV, billiards and a kitchen that allows for cooking demonstrations. Its
outside pool with restroom facilities will have private cabanas.
"We put a lot of time, effort and expense into our amenity areas,"
Units will feature high-end GE appliances and finishes, quartz
counter tops, custom wood floors, walk-in closets and Moen
"What separates Alliance from our competition is our people,"
D'Andrea says. "Few companies have the skill sets to get these
types of projects closed and successfully executed. All we do is
multifamily rental; it is our core business product. We have a
great development and construction team. We're fast to close and
have really strong institutional equity partners."
Alliance is one of the country's largest private apartment
owners, boasting a $15 billion portfolio of more than 89,000
apartment units in 32 metropolitan markets.
JUNE 2017 CONSTRUCTION-TODAY.COM