Banner Real Estate Group (as Portland Street Phoenix Apartments LLC) is planning a 21-story, 320-unit multifamily tower with 5.5KSF of retail on 1.6 acres at 1101 N. 1st St. in Phoenix.
The 493KSF building in the Roosevelt Row area will feature four parking levels, with amenity areas on floors one, five and 21. Planned amenities include a pool deck, terraces, a dog run and wash, a sports court, a community area, workspaces and a bicycle room.
The City of Phoenix issued a preliminary approval during a May site plan review.
Records show the property is currently still owned by JRG Capital Partners. The company paid $7.75M to Arizona Moreland Developments LLC for the site in 2021.
ESG Architecture & Design Inc. is the design firm. The civil engineer is Wood, Patel & Associates. CollectiV Landscape Architects is the landscape design firm. (Source: Phoenix Business Journal)
