Lakeside luxury residential community SALT recently welcomed its first residents. The 265-unit class A property was developed by OlliverMcMillan in partnership with Ascentris on a 3.7-acre site in the city of Tempe, Ariz.
Located at 260 E Rio Salado Parkway near Arizona State University, the community, formerly dubbed [email protected] Ferry, offers residents a resort-like atmosphere. The community is in the vicinity of the Mill Avenue Entertainment District, and residents can enjoy easy access to dining, nightlife and local culture. The property’s first class amenities include resort-style community areas, two salt-water pools, cabanas, pool-side barbecue areas, a lakeside entertainment deck, business center, gym with direct frontage on Tempe Town Lake, dog run, yoga lawn, social lounge/media room.
The community offers a unit mix of studio, one-, two- and three-bedroom apartments. Fourth floor loft residences provide double-height ceilings with floor-to-ceiling windows. All units include luxury finishes, large windows, contemporary European design, and panoramic views of Tempe Town Lake and “A” Mountain. Per Yardi Matrix data, the property is subject to a $36,239,000 construction loan, originated by Comerica Bank in the summer of 2014.
“SALT is a unique apartment property that will offer residents an exciting living experience, second to none. We are excited to see OliverMcMillan’s vision come to life and we are proud to be part of one of the very best apartment properties in the Phoenix area,” said Bobby Ghiselli, managing director of Ascentris.
Images courtesy of Yardi Matrix