BILTMORE AREA PARTNERSHIP LUNCHEON
TUESDAY, JANUARY 24, 2012
SPEAKER: MR. IAN SWIERGOL, Developing partner and architect of Alliance Residential
SUBJECT: Broadstone on Camelback and 26th St. project.
RESTAURANT: BLUEWATER GRILL at 17th St. and Camelback Rd.
Alliance Residential Company ("Alliance") is a vertically-integrated real estate operating platform focused on providing superior return on investment in multifamily acquisitions and development, as well as providing management services on behalf of clients throughout the United States.
Headquarters: Phoenix, AZ
19 regional offices
Active builder, buyer and manager within 13 states and 24 metropolitan areas throughout the West, Southwest, South central, Southeast, and Mid-Atlantic
LOCAL EXPERTISE
- Management Experience
- Currently manage 9,000+ units in metropolitan Phoenix
- Third-party (65%) and owned units (35%)
- Development Experience
- Developed 26 properties and acquired 11 properties in metro Phoenix
(10,227 units)
- Most recent (2008 or newer) completions include:
- Level at Sixteenth, 240 units, Camelback Corridor
- Broadstone Twin Fields, 314 units, San Tan Mall area
- Broadstone Canyon Crossroads, 280 units, Black Canyon Corridor
- Broadstone Canyon Trails, 226 units, Estrella
URBAN DEVELOPMENT EXPERTISE
- Developed more than 3,600 urban units since 2007
- NORTHWEST (Seattle, Portland)
- CALIFORNIA (Hollywood, Los Angeles)
- SOUTWEST (Phoenix, Denver)
- TEXAS (Dallas, Houston)
- SOUTHEAST (Atlanta, Washington DC)
- Urban Densities with Sophisticated Design
- Unit floor plan/finishes
- Execution of common areas
- Pedestrian circulation
- Sustainable community development
Broadstone on Camelback Site: Camelback Rd to the North and Esplanade Lane to the West
PROJECT DETAIL
- 270-unit multifamily community
- 36' - 56' tall buildings,
- 4 levels, with 5th story loft component
- Height step down towards neighborhood to south
- 800 sf Avg Units
- 60% Studio & One Bedrooms; 40% Two Bedrooms
- Open floor plan, efficient space designs
- Community features include
- Gated community
- 75% unit parking in structured sub?grade garage
- Direct elevator access to interior conditioned corridors
- Detached 2 story fitness building, pool, spa, putting green and pedestrian amenities
PROJECT TIMELINE
- December 2010: Land Acquisition
- November 2011: Construction Commencement
- January 2013: First Unit CO
- July 2013: Project Completion
- October 2013: Stabilization
Rent should start at about $1400/month
Will be having a model apartment to see location to be determined.