Staff Reports | Dwellings & Multifamily
Construction is complete on an innovative, transit-oriented, attainable housing community in the heart of Tempe.
The grand opening was last month were development leaders celebrated the 129-unit multifamily project coined, Dwell @ 5th and Farmer, which is atop a two-acre parcel at the intersection of 5th Street and Farmer Avenue, according to a press release.
Dwell Tempe will provide new housing options for residents working in downtown Tempe, Arizona State University and other locations, the release states.
The attainable housing units are integrated with two existing creative office buildings and open space to create a true mixed-use development.
The new multifamily project includes a number of enticing amenities to create a true urban retreat, including:
•Large, landscaped pedestrian areas and open outdoor space
•Live/work-oriented amenity rooms for residents, as well as “Zoom” rooms and private meeting rooms
•A fitness center and dog-friendly features
•Resident lounges and rooftop lounge
•Convenient, walkable access to light rail and streetcar stations
The ‘high walkability’ scores in urban environments provide convenient access to employment, shopping, restaurants and nightlife, arts venues, outdoor recreation and public transportation.
“We are very pleased to celebrate the grand opening of this innovative new community on this outstanding site adjacent to downtown Tempe,” said Kolby Smith of Holualoa Companies. “This is an ideal location for attainable urban living and we are excited to make the Dwell community a reality in Tempe. We look forward to expanding the concept across the Valley to increase the availability of attainable housing on a larger scale.”
Conceived to be a combination of flexible workspace and apartments for urban professionals, Dwell is designed to address the increasing housing accessibility challenge in urban locations without sacrificing quality, while capitalizing on the increasing availability of hybrid/remote work.
“In Tempe, we recognize that development, business, housing and community are all critically linked,” said Tempe Mayor Corey Woods. “The completion of Dwell will greatly help our city by bringing much-needed workforce housing into the heart of Downtown Tempe. This project will allow residents to easily commute by mass transit or even walk to work and its location will encourage shopping and dining at local businesses in the area. I am thrilled to see this project come to life.”
Tempe is adding more than a million square feet of office and commercial space and hundreds of hotel rooms within a half mile of the site.
“Tempe is one of most dynamic jobs markets in the Valley, and this project provides a critical new resource for housing to support its growth,” said Steve Betts, managing director of development of Holualoa, said in a prepared statement. “As these Dwell communities expand to have a Valley wide presence, they will be an important step forward in creating more housing options in the region.”
