Multifamily developer Milhaus has closed on its second residential apartment development in Tempe. The $56M Qualified Opportunity Zone development at 2119 E. Apache Boulevard will offer 219 studio, one- and two-bedroom apartment units and five live-work spaces.
The complex will be Milhaus’ first-ever partially solar-powered property with solar panels on carports to help reduce common area electricity usage. Amenities will include a pet-friendly spa and bark park, resident lounge with a coffee shop and in-house barista, communal kitchen, rec/game room, coworking and office spaces, pool and outdoor entertainment deck with fire pits, fitness center and yoga studio, and more. Adjacent to the complex, residents will have access to Culdesac, a new car-free mixed-use cultural district including restaurants, grocery and retail shops.
Milhaus is widely recognized as a leader in multifamily QOZ investments, now managing over $400M in QOZ assets across eight single-asset Qualified Opportunity Zone Funds.
Milhaus is partnering with CCBG Architects, McShane Construction, Design-Art, LLC and 3 Engineering to bring the new Tempe community to life. (Source)