Roosevelt Square

Commonwealth Real Estate advisors is pleased to present Roosevelt Square, a .36 acre corner lot approved for a 23 unit multifamily building located in the heart of Down-town Phoenix just off Roosevelt Row, Phoenix’s most sought-after historic district. The property is on the hard corner 9th Street and Roosevelt and .7 miles from the downtown campus of Arizona State University, one of the nation’s largest universities with an enrollment of over 75,000 students with the downtown campus hosing its graduate college, the Sandra Day O’Connor college of law and the Walter Cronkite School of Journalism. The property is approved for 23 modern one bedroom one bath units with in-suite washer and dryers, private balconies, a rooftop entertainment area with sun shades, BBQ station, and cornhole.
The property is walking distance from iconic restaurants such as the Gallo Blanco, Welcome Diner, The Rez Urban Eatery along with numerous posh entertainment venues including the Orpheum Theater, the Herberger Theater and Arizona Federal Theater. Also in walking distance is Civic Space Park and the Roosevelt/Central Phoenix Metro Light Rail train station. Roosevelt Square is conveniently located just south of Interstate 10 and north of Interstate 17, both major freeways providing access to Phoenix International Sky Harbor airport, downtown Tempe and the east valley cities of Chandler, Gilbert, and Mesa. Downtown Phoenix boasts the densest employment in the metro area with close to 11.4 million square feet of office space in the Downtown Phoenix employment center, including 6.1 million square feet of Class A space. More than $4 billion has been invested in downtown Phoenix during the past decade. The area also has one of the lowest vacancy rates in the region. Downtown Phoenix is a center of major league sports activities, live concert events, and is an equally prominent center of banking and finance in Arizona. Regional headquarters for several major banks, including JP Morgan Chase, Wells Fargo, US Bank, Bank of America, Compass Bank and Midfirst Bank are all located within the area.