Alliance Residential Acquiring 4 Acres of Land in Phoenix for $9M
Alliance Residential Co. will be purchasing 4 acres of land located at NEC Alvarado Rd & McDowell Rd in Phoenix from Los Olivos Office Partners LLC for $9M. The deal is expected to close April 2015.
Alliance Residential plans to build a 280-unit apartment complex at the location, Broadstone Arts District. A Quality Inn & Suites and a 30,000 SF office building currently occupy the site.
Alvarado Rd & McDowell Rd, Phoenix AZ