High Street Residential Completes Construction on 310-Unit Smith & Rio in Tempe Arizona

The Tempe, Arizona community is more than 50% Leased

Smith & Rio Exterior
Smith & Rio is located at 1979 East Rio Salado Parkway in Tempe, Arizona

High Street Residential, the residential subsidiary of Trammell Crow Company, has completed construction on Smith & Rio, a 310-unit residential community in Tempe, Arizona. Located in Tempe’s vibrant downtown, just south of the Loop 202 and west of the Loop 101 freeways, the five-story property’s mix of studio, one-, one-plus-den, and two-bedroom units are already more than halfway leased.

Smith & Rio offers residents a luxury living experience, with a curated collection of sought-after amenities that include a fifth-floor sky lounge; two outdoor courtyards; a dog park and a pet lounge; a large work-from-home area that includes ample individual workspaces; a resort-style pool and spa; a state-of-the-art fitness center; a fully amenitized clubhouse with multiple lounge and seating areas, a fireplace, and a demonstration kitchen; and water features throughout the outdoor spaces.

Smith & Rio Pool Area
Smith & Rio Pool Area

“Smith & Rio is an incredible property in the heart of downtown Tempe, walkable to the area’s best shopping, dining and entertainment options,” shared Mona Nanda with HSR Phoenix. “The property’s mountain views and intentional interior design are a major draw. The community features a mix of floorplans and features, including dedicated work-from-home alcoves in select units, large walk-through closets, and pet-friendly areas and amenities, allowing the property to meet the needs of a variety of residents. We are very pleased with the initial leasing activity and expect the remaining units to be leased quickly.”

Smith & Rio is positioned walking distance from Tempe Marketplace and is near major tech employers, multiple outdoor walking and biking paths, as well as other popular dining and entertainment options in Tempe. The community is a 20-minute drive to Downtown Phoenix and 10 minutes from Phoenix Sky Harbor International Airport.