A $100 million luxury apartment complex is planned for the warehouse district in downtown Phoenix.
The Amara is a new seven-story apartment building set to be built between Grant and Lincoln streets. The complex will also be near the Phoenix Mercury practice facilities and offices.
New York-based developer Gallium plans to attract young professionals to the complex.
Jaf Glazer, managing director for Gallium, says the building will serve as a destination and include wellness amenities like hyperbaric chambers.
“It's going to have distinct offerings, and it's going to be generally just a higher echelon of building than other buildings built around it,” he said.
Glazer says developers plan to break ground in the fall or winter of 2026 and the project will take about 18 to 24 months to complete.
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A new state program awarded its first water credits on Tuesday to support the development of 825 homes in Buckeye.
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The Phoenix City Council unanimously approved its first version of an Energy Access Plan. It provides a broad checklist of city actions with the goal of getting more residents to join low income energy assistance programs.
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Board Chairman Thomas Galvin said the changes will facilitate greater housing options and provide clarity for all project types.
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In November, HUD announced deep cuts to permanent housing programs for people experiencing homelessness. They wanted to shift the money to transitional programs with work or service requirements.
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After the city of Scottsdale effectively bypassed a possible challenge at the ballot box, a group opposed to building a 1,200-unit housing project near Loop 101 and Hayden Road is threatening to sue the city.