
Axis Camelback found part of Phoenix ‘Uptown Neighborhood’
Staff Reports | Dwellings & Multifamily
Sherman Residential has acquired Vela on Camelback in Phoenix, rebranding it to Axis Camelback.
The Class A multifamily property built in 2018 boasts 237 lofts and apartment homes in Phoenix’s Uptown neighborhood, according to a press release.
Axis Camelback delivers luxury urban leasing with 24-hour conveniences for every lifestyle. Residents enjoy all-inclusive, all-hours access to a 13-foot HD television in the clubhouse lounge, hidden speakeasy-style lounge, and rooftop terrace overlooking Camelback Mountain.
The property’s prime location off 7th Street and Camelback Road allows residents a convenient spot with direct access to office buildings, with plenty of dining and lifestyle options within close proximity.
Axis is found less than five miles from downtown Phoenix, home to both Arizona’s professional baseball and basketball teams, and under 10 miles from Phoenix Sky Harbor International Airport.
Axis Camelback’s midrise-style property and its resident-focused amenities deliver:
- One- and two-bedroom lofts and apartments
- Lifestyle interior options, like lofted dens, laundry rooms, wraparound kitchens, and corner balconies
- Unparalleled amenities featuring a rooftop Sky Lounge, a hidden speakeasy, a multilevel pool, and a 13-foot television located in the 24/7 clubhouse lounge for big games and epic movie nights
- Communal modern spaces available for work and study
- Carefully designed courtyards with sunscreens, live walls, and misters to counter the Arizona heat
- Conveniences like multiple elevators, in-unit washers and dryers, and an attached parking garage
- Community-focused design with gamified gathering spaces for hosting friends and meeting neighbors
Sherman Residential purchased and assumed management of the property at the end of the third quarter in 2024, representatives of the Chicago-based brand tell the Digital Free Press.
“We’re excited to return to the Phoenix market during another growth phase,” said Garrett Salk, VP of Sherman Residential, in a prepared statement. “Axis Camelback has been a great addition to the Sherman portfolio, and we are eager to connect with the surrounding community to showcase a reliable and trustworthy property and management company.”
Sherman Residential recently celebrated 100 years in the real estate business and has owned over 90 properties with assets in five states.