We just learned two days ago that Oliver McMillan purchased the dirt on the south side of Tempe Town Lake, at 260 E Rio Salado, Tempe, next to Bridgeview at Hayden Ferry. The 3.7 acre site was acquired for $5.85 million and is intended for 264 units with four stories of apartments, a fifth floor of luxury loft condominiums plus two levels of underground parking.
We Know Urban Realty is familiar with OM (Oliver McMillan) because of its apartment buildings in downtown San Diego, including The Lofts at 707 Tenth Avenue, The Lofts at 655 Sixth Avenue, The Lofts at 677 Thirteenth Avenue and ALOFT on Cortez Hill. OM has also begun construction of The Lofts at 688 Thirteenth Avenue in Downtown San Diego. All of these are in solid locations and are well designed, well constructed and popular. We’re excited to see OM coming to Phoenix/Tempe and we look forward to doing business with them. Stay tuned….