On Aug. 8, Ameris Construction celebrated the commencement of construction on Edison Midtown Phase II with a groundbreaking ceremony. The 60-unit multifamily development is located at 3131 North Central Avenue in the heart of the Midtown neighborhood of Phoenix. The development will complete the project along with the existing Edison Midtown Phase I, which opened in 2018. Edison Midtown Phase II is being developed by Tannin Developments.
Dale Regehr, of Tannin Developments, said, “It’s a great time to build a new construction, multifamily for-sale product. There is very little of this type of inventory in the market at the present time. I am very excited with this luxury project, which is in the bustling Midtown Phoenix area, which will offer beautiful new condominium homes with fabulous amenities.”
READ ALSO: Understanding mortgage rates associated with buying a condo
Phase II will complete the Edison Midtown development. An additional five stories of luxury condominiums will be built over-podium of the existing two levels of parking. The condominiums will consist of one bedroom, two-bedroom, and two-bedroom plus den units. With construction now underway, the project is estimated to be completed in summer 2023.
Located in the heart of Phoenix’s food and business district, Edison Midtown Phase I is currently sold out under the sales management of Jim and Marilyn Cavanaugh, Cavanaugh Luxury Group, with The Agency. The Cavanaugh’s are managing sales and marketing for Phase II. To date, 20 of the 60 condominiums in Phase II are pre-sold.
Multifamily-focused builder, Ameris Construction, will be the general contractor for the project. “We are thrilled to be able to complete a project that’s been on pause for nearly 6 years now. This will be the only for-sale product in downtown Phoenix at the time of completion – which is a big deal in today’s real estate market,” said Ameris Construction President and Partner, Chris Jones.
The luxury condos feature 10-ft. and 11-ft. ceilings, hard surface flooring throughout, spacious kitchens with stainless steel appliances and quartz countertops. Across from Edison Midtown is Park Central, and the newly opened Creighton University Medical School, as well as many other popular dining and retail outlets. The location is also conveniently within a 1-mile radius of health centers and hospitals. For ease of transportation for owners, the community features electric vehicle charging stations and easy access to the Valley Metro Light Rail.