McShane Construction to Build 202-Unit Luxury Multifamily Community for Leon Capital Group in North Phoenix Market of Scottsdale

PHOENIX, AZ – Leon Capital Group has selected McShane Construction Company to provide comprehensive construction services for Kierland Apartments, a 202-unit luxury multi-family community in north Phoenix. McShane is also underway with Soltra at SanTan Village, a 380-unit multi-family development in Gilbert, Arizona for Leon Capital Group.
We have a fantastic working relationship with Leon Capital Group and are very excited to be partnering with them on another multi-family assignment, shared Jim Kurtzman, Senior Vice President of McShane s Southwest Regional Office. Kierland is going to be a fantastic addition to Scottsdale, and, with 9,500 square feet of amenity space and high-end finishes, it will provide residents with a resort-style living experience.
Positioned on 1.74 acres at 7111 East Tierra Buena Lane, the development will feature five tales of wood frame construction over a two-tale concrete podium with one subgrade level. The exterior façade will consist of an attractive mix of stucco, stone and metal panels with wire and glass railings on the balconies.
At the basement level, the building will provide underground parking for residents as well as a bike storage/repair room. The ground level will feature additional tenant parking, the main lobby, leasing and management offices, mail center and a dog park. The second floor will incorporate a clubhouse with a poker room and community kitchen. Also at this level, tenants will have access to a deck with a saltwater pool, spa and barbeque areas. Floors three through six will consist of a mix of studio, one-, two- and three-bedroom apartment units.
All units will contain high-end finishes, beverage centers and premium appliances. Many units will feature NanaWall systems with private balconies. The top floor will hold penthouse suites with upgraded finishes.
McShane has been involved in the project since its earliest stages, allowing them to implement pre-construction services that mitigate changes in scope and budget increases during construction. The team successfully provided budget updates at every plotting milestone and design-help services for the building s major systems.
Completion of Kierland is slated for April of 2022. The architect of record is Design Studio Architects.

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Los Angeles Based Orion Real Estate Partners Acquires 115-Unit Value-Add Apartment Community in Provo, Utah

PROVO, UT – Los Angeles based Orion Real Estate Partners announced that it has bought Lookout Pointe Apartments, a garden-style apartment community in Provo, Utah. Orion bought the 115-unit apartment community in June 2020 and plans to invest approximately $1.1mm in interior and exterior improvements.
The Property is located in an irreplaceable location as it overlooks Provo from a perch in the foothills of the Wasatch Mountains in a desirable residential neighborhood. Additionally, the Property is within close proximity to the two largest universities in Utah, Brigham Young University (31k students) and Utah Valley University (40k students), and benefits from its access to the booming technology center known as “Silicon Slopes.”
The Property is well positioned to take advantage of one of the fastest growing tech hubs in the country, anchored by two large universities, and the highly desirable lifestyle that Utah has to offer.
This is Orion’s first acquisition in Utah and the firm anticipates expanding its portfolio in Provo and Salt Lake City. Orion has a favorable long-term outlook on these markets and expects that they will continue to outperform the nation in terms of job and population growth. CBRE Multifamily Capital provided an acquisition loan through Freddie Mac and Orion engaged Salt Lake City based Apartment Management Consultants (“AMC”) to provide property management services.

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Charles Street Development Prepares for First Move-Ins at 236-Unit Luxury Apartment Community in Downtown Columbus, Ohio

COLUMBUS, OH – Charles Street Development Corporation, a company focused on residential development, is preparing for their first go-ins at its luxury apartment community, Industry Columbus. The luxury apartment community offers unparalleled amenities to its residents, including the first and only community in Downtown Columbus to feature a rooftop swimming pool and hot tub, on-site dog park and a full floor of co-working space.
Located in the heart of downtown Columbus at 230 East Long Street, Industry includes 236 units ranging from studios, one- and two- bedrooms, as well as private townhomes with direct garage access. The units were intricately designed to feature floor-to-ceiling windows, nine-foot ceilings for ample natural light, quartz countertops and a chef-caliber kitchen with stainless steel appliances. Residents will also have access to private balconies and terraces available in select units.
“With Industry, we’ve built a community right outside our residents’ doorsteps,” said Chuck Howell, partner at Charles Street Development Corporation. “With downtown views as a backdrop, every detail at Industry was carefully and elegantly developed to promote a superior lifestyle that offers the ability to unwind, indulge and energize. This community is the first to usher in a cutting-edge luxurious living experience to the Columbus market, and we are confident it will become the hangout spot for residents and their guests.”
Additional amenities at Industry include a pet washing station, sports bar and lounge, private event space, outdoor courtyard, complimentary coffee and printing services on the co-working floor, on-site networking events, and a state-of-the-art fitness center complete with group fitness classes and a yoga studio.
The first residents are slated to go in at Industry in June 2020. Village Green serves as the premier property management company for Industry.

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