Toll Brothers Apartment Living and EJF Capital have broken ground on a new 313-unit luxury mid-rise rental community in downtown Phoenix, Arizona, US.
The two companies have formed a joint venture to develop the apartment community through a $65m construction loan facility.
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Known as Henri, the new seven-storey development will include a mix of studio, as well as one- and two-bedroom floor plans.
It is located at 502 West Van Buren Street and features more than 36,000ft² of indoor and outdoor amenities.
Some of these amenities include a fitness centre, a club and game room with a fireplace, a library and study room, a rooftop deck, a resort-style pool and courtyard, as well as various pet-friendly amenities.
Additionally, the development will include a 455-space structured parking garage with electric vehicle (EV) charging stations.
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By GlobalDataConstruction on the new community is expected to be completed in 2025.
Toll Brothers’ president John McCullough said: “We are delighted to once again partner with EJF Capital to develop a spectacular luxury apartment community in vibrant downtown Phoenix.
“This collaboration underscores our commitment to delivering exceptional apartment living experiences.”
Henri is marked as Toll Brothers’ fourth multifamily community in Phoenix, after a 323-unit apartment community, Haverly, and a 403-unit apartment community, Callia.
