



Staff Reports | Dwellings & Multifamily
AVE is announcing Nov. 15 as the official opening date of AVE Paradise Valley at 12400 N. Tatum Blvd.
AVE is a new apartment community found part of the reimagined Paradise Valley mall development.
The state-of-the-art, mid-rise building will be the first residential project to launch within the 100-plus-acre site, representatives of AVE tell the Digital Free Press.
“Following the success of our communities in Downtown Phoenix – AVE Terra and AVE Sky – we are eager to increase our Arizona footprint with the addition of AVE Paradise Valley. This expansion is a natural progression for us, especially given the significant population growth in the state over the past 10 years,” said President of AVE and COO of Korman Communities Lea Anne Welsh.
“We are thrilled to pioneer a new level of luxury living at the exciting, reimagined Paradise Valley mall development, providing a completely unparalleled living experience at the center of Arizona’s newest, most desirable district. With shopping, dining and entertainment, residents will be in the heart of a vibrant hub for work, life and play.”
Designed by Nelsen Partners and StreetLights Construction, AVE’s newest community will offer 400 luxury apartments, including traditional apartment rentals and fully furnished apartments with flexible lease options.
Units span three and four stories of the mid-rise development, averaging 1,056 square feet. A wide range of apartments will be available, including studios starting at $1,664, one-bedrooms at $2,122, two-bedrooms at $3,275, and offered at a later date, three-bedrooms at $5,327.