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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In a policy session Tuesday, the Phoenix City Council approved a budget that includes several new investments in housing affordability and homeless services. -
The number of people experiencing homelessness across Maricopa County did not significantly change this year, according to the latest data from the annual Point-In-Time homelessness count. -
About $1.5 million in restitution could be coming to residents of two apartment complexes in Mesa and Gilbert as part of settlement deals announced by Arizona Attorney General Kris Mayes. -
Arizona still has a supply and demand imbalance when it comes to housing, according to a new report from the Arizona-based think tank, Common Sense Institute. -
Each year, students from ASU’s Master of Real Estate Development program work with cities and towns on a development proposal for a particular piece of land. One recent collaboration reimagined the site of the Turf Paradise horse racing track in north Phoenix.
