ROOSEVELT TOWNHOMES

TEMPE, ARIZONA

The Roosevelt is Caliber’s first development project located in the City of Tempe. Situated on a two-acre property near 2nd Street and Roosevelt, the development is within a short walk to the Farmer Arts District and on one of the last remaining sites in the highly desirable and coveted location near Mill Ave. Phase one, consisting of 14 units, completed construction in June of 2020 and is now available for leasing. Phase 2 and 3 are expected to be complete by the end of 2020.

PURCHASE DATE

2018

ASSET CLASS

MULTI-FAMILY

SUB-MARKET

DOWNTOWN TEMPE

UNITS

39

STRATEGY

NEW CONSTRUCTION

PROPOSED VALUE

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Proximity to Downtown

The complex is within walking distance to Old Town Tempe, Tempe Town Lake, bike paths, restaurants, hiking, light rail, Arizona State University and Tempe Center for the Arts.

Sustainable Living

Integrated technology, smart layouts and sustainable building features have been carefully cultivated to resonate with the area’s millennial and GenZ professionals.

Roosevelt Townhomes| Interior
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Growing City

According to the U.S. Census Bureau, Tempe has seen a 21% increase in population since 2010, and the Arizona Department of Housing states that the demand for rentals will continue to outpace supply in the coming years.

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