High Street Residential (HSR), the residential subsidiary of Trammell Crow Company, announced plans for Shea Residences, a three-story, 189-unit Class-A multifamily development in Scottsdale, Arizona, to be developed with JV partner MetLife Investment Management (MIM).
Positioned on 2.95 acres, the project will include studio, one-, and two-bedroom units with unit sizes ranging from 616 to 1,300 square feet. Units will feature luxury finishes and superior amenities such as premium cabinets, expansive kitchen islands with quartz countertops and islands, wine fridges, tile backsplashes, stainless steel and Energy Star-certified appliances, tiled shower and tub surrounds, and mountain views. Residents will also enjoy exceptionally well-designed community amenities, including a resort-style pool and spa, two open-air courtyards, fitness center with sauna and cold plunge, co-working lounge, pet spa, dog park, and a well-appointed club room.
Located in the heart of Central Scottsdale, occupants of Shea Residences will be within walking distance of dozens of retail and restaurant options. The project was well received by the city of Scottsdale, garnering a rare 7-0 vote for approval by the city council. In addition to Shea Residences, HSR is currently building another multifamily project in Central Scottsdale off of Gold Dust Avenue.
“This area of Scottsdale continues to be a compelling location for well-designed, high-quality rental housing with a proximity to fantastic schools, healthcare facilities, and retail,” said Nate Stum, a Senior Vice President with TCC Phoenix. “We look forward to making another sizable investment in the city that will enhance the area and provide a much-needed housing option for central Scottsdale residents.”
The project has been designed by ESG Architects, and Brinkmann Constructors will serve as the general contractor.
