Paces Preservation Partners is proposing a new affordable multifamily development near the planned “Restaurant Row” area along Bowlin Road near City Hall.
Restaurant Row was first mentioned as a development topic last September and would feature five restaurants near City Hall and the Maricopa Library and Cultural Center.
In a zoning verification request filed with the City, Paces Preservation Partners says it plans to build a 150-unit affordable community on an 8.35-acre portion of a 22-acre parcel near the SEC of Bowlin and White and Parker roads.
The development will include one-, two- and three-bedroom units and will be financed with Low-Income Housing Tax Credits obtained through the Arizona Department of Housing.
Paces Preservation Partners is a joint venture between The Paces Foundation and Soho Housing Partners. (Source)