Akara Partners Buys Land for Downtown Phoenix Tower
- Jun 14, 2018
Akara Partners has closed on a land parcel in downtown Phoenix for a mixed-use development, Kenect Phoenix. The company plans to enable the growth of live-work-play environments, as the planned community will include approximately 8,000 square feet of ground-floor retail. Akara tapped architecture firms Perkins + Will and RSP Architects for Kenect Phoenix.
The site is located at 355 N. Central Ave., within walking distance of Arizona State University and across the street from the Van Buren/Central Avenue light rail station. The 23-story building is slated to have a total of 320 units, with a floorplan mix ranging from studios to three-bedroom apartments. Amenities will include integrated furnishings, social and co-working lounges, a fitness center, as well as a rooftop deck with a swimming pool, grill area and fire pits.
The downtown location enables future residents to access all that Phoenix has to offer, from a plethora of dining and entertainment options, to retail destinations and various employers. The Phoenix Convention Center, Arizona Center, Arizona Science Center and Chase Field are all within minutes of Kenect Phoenix.
“Phoenix is increasing in population and employment opportunities faster than almost any other city. We see that growth continuing across the region and especially downtown, which combines the vibrancy of a live-work-play neighborhood with the amenities of an urban core,” said Rajen Shastri, founder & CEO of Akara.
Rendering courtesy of Perkins + Will