PHOENIX, AZ – One Can Imagine. That philosophy is the driving force of the experienced leadership team that s responsible for introducing One Camelback, an innovative live-play community that s taking shape at the hottest intersection in greater Phoenix, according to real estate and growth experts at Urban Land Institute.
Arizona hasn t seen anything quite like One Camelback – we expect this bold development to set a new benchmark for urban elegant living in the Southwest, said Dale Phillips, President and Founder of Stellar Residential, the management company for One Camelback. As one of the most ambitious construction transformations ever undertaken in Phoenix, this boutique, Class A development will deliver a vibrant use of residential space, with soaring and dramatic floor-to-ceiling views of Central Phoenix, modern and functional floorplans, upscale amenities and first-class services – all under one 11-tale roof, while aesthetically adding some more glamour and elegance to the Phoenix skyline.
As the iconic landmark undergoes a complete transformation, One Camelback will blend the finest there is in upscale sophisticated living with a range of exclusive, first-to-market retailers in the heart of Central Phoenix. It will be the first 1-Gigabit community, in Arizona through Cox Communications, which means each and every unit will have 1-Gigabit internet speeds included in the rent.
The 215,245-square-foot glass-ensconced property will include 163 first-class apartment units with exposed ceilings and 10-foot floor to ceiling windows. A selection of 16 different floorplans will be available, featuring upscale studio, 1-, 2-, and 3-bedroom apartments, all designed by Erwin Architecture. Additional exclusive residential amenities include a 6,500 square-foot rooftop terrace with a swimming pool, a swim-in place and endless pool for lap swimming or therapy, cabanas and a spa, as well as a yoga lawn deck and a lounge-style clubhouse. Residents will also have access to a secured underground garage with electric car-charging stations.
Capitalizing on its prime location, One Camelback is in negotiations to bring in highly sought-after, first-to-market upscale retailers to blend in with the historic neighborhood s assortment of hip restaurants and trendy shops. Only walking distance from well loved gourmet and specialty grocer AJ s Fine Foods, One Camelback is also in close proximity to Uptown Plaza and light-rail transportation. The residences and retail spaces will be moments away from the downtown business core, major sporting event arenas, and the well loved nightlife scene, serving residents by offering one of the best transit-oriented developments known to the Valley.
With more than 143,000 people working within a 3-mile radius of its centralized location, One Camelback is located at the perfect triangle, connecting downtown Phoenix to the Biltmore area.
In March 2019, the construction efforts started with a glass-raising event to celebrate the start of the substantial transformation, from mortar and concrete to dramatic windows and high ceilings that will deliver soaring, bird s eye views of Central Phoenix. The demolition of interior structures throughout the building was completed earlier this month, leaving a blank canvas for crews to make the vision for this iconic development come to a reality.
One Camelback is being developed by an affiliate of Sagamore Capital LLC, a Scottsdale-based investment firm, with financing arranged by Walker & Dunlop, and provided by Los Angeles-based ACORE Capital LLC. Katerra is acting as general contractor and a prime supplier for the project.
One Camelback is expected to be complete by 2021. More information is available by visiting OneCamelback.com or @LiveOneCamelback on Instagram.

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GEORGETOWN, TX – Novak Brothers Development has begun construction on the Summit Lofts within the award-winning, Summit at Rivery Park mixed-use community in Georgetown, Texas. The Summit Lofts is the last phase of construction in the master plot and is situated upon 3+ acres of the most prominent tract of The Summit at Rivery Park.
Upon completion, it will contain 256 luxury lofts, ground level retail, a seven-tale tall 494-car parking garage, state of the art fitness facility, topped off with a rooftop pool and patio area equipped with cabanas and indoor/outdoor gathering spaces. The Summit Lofts will be the premier rental product in a rapidly growing submarket currently devoid of high-density, high-end amenities within an integrated live-work lifestyle experience.
Trinity is very excited both to partner with Novak Brothers for the first time and to be an investor in this final piece of The Summit at Rivery Park development, said Sanjay Chandra, Managing Partner of Trinity Private Equity Group. We appreciate the work done by Novak in this development over multiple years, and believe Georgetown continues to be a wonderful location drawing from the immediate area and North Austin.
With immediate proximity to 25 miles of hike and bike trails, gorgeous parkland, convenient access to major highways, shopping, historic downtown Georgetown, and all of the heavy-weight North Austin employers, The Summit at Rivery Park and Summit Lofts in particular are primed for success in this exceptional project that will stand the test of time.
Developed by Novak Brothers, The Summit at Rivery Park mixed-use development is located on 32 acres overlooking scenic Rivery Park and the North San Gabriel River. The Summit is a fully integrated master-plotted development anchored by a 4-Star Sheraton Hotel and Conference Center and includes office, retail, luxury multifamily, as well as 121 Texas Brownstone™ homes, building upon one another to make a truly unique experience for the City of Georgetown and surrounding areas.
We could not be more excited to have Trinity as our partner,” said Andy Heard, President of Novak Commercial Development. “Our vision to develop high-quality, experiential living makes this partnership a perfect fit. Novak and Trinity will bring another game-changing ‘first of its kind’ project to a market hungry for lifestyle living experiences.”

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HUNTSVILLE, AL – Walker & Dunlop, Inc. announced that it structured $51,923,400 in financing for ECLIPSE at CityCentre, a five-tale, 278-unit, multifamily project located in Huntsville, Alabama. Co-developed by Spring Bay Property Company, the property will sit atop 18,000 square feet of upscale restaurants and retail and is part of the CityCentre at Huge Spring master-plotted project being developed by RCP Companies.
Located in Huntsville’s Downtown area, the property is within the bounds of a designated opportunity zone census tract. Established by Congress in the Tax Cuts and Jobs Act of 2017, opportunity zones encourage long-term investments in designated low-income areas by offering incentives in the form of lower or deferred capital gains taxes.
Led by Keith Melton, David Weird, Livingston Hessam, and Jeremy Pino, Walker & Dunlop arranged the loan through the United States Department of Housing and Urban Development’s (HUD) 221(d)(4) new construction program, which includes both construction and permanent financing in a single loan. The team worked to ensure the financing terms were consistent with opportunity zone guidance, securing a two-year construction term followed by a 40-year, fully amortizing, fixed-rate loan. The financing also features a declining prepayment schedule for the initial ten years post-construction and is open to prepayment at par for the remaining 30 years.
To fully capitalize on opportunity zone benefits, the developer is required to hold the asset for a minimum of ten years, making HUD’s long-term financing program an ideal fit. Said Mr. Melton, “We were extremely pleased with the success of this transaction. HUD has continued to prioritize projects located within opportunity zones, which allowed for this complex financing with a nuanced ground structure component to close within tight timeframes.”
“We are grateful to work with the Walker & Dunlop team and to have executed this HUD loan for the ECLIPSE with RCP Companies – partners that know the vision for developing best-in-class properties to fill the quick-growing market in Huntsville,” stated Kevin Fitzpatrick, Managing Director of Spring Bay Property Company.
“ECLIPSE at CityCentre will serve the robust STEAM (science, technology, engineering, arts, and mathematics) workforce and the next generation that is entering the market. The project will provide built-in demand for the authentic blend of live, work, play, shop amenities we have plotted for CityCentre, which is a critical piece in Huntsville’s revitalization of downtown,” commented Max Grelier, Co-Founder of RCP Companies. “Its architecture will be locally inspired with pedestrian crossings, bike pathways, walkways, and a linear park connection to nearby urban developments.”
Once complete, ECLIPSE at CityCentre will include a mix of studios, one-, and two-bedroom units with open concept floor plans and nine-foot ceilings. The majority of the apartments also feature private balconies. Community amenities will include a resort-style heated pool, large fitness center, pet walking and grooming area, barbecue stations, outdoor fire pit, ample parking, and sweeping views of Huge Spring Park.

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