SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Caliber Development, a division of real estate investment firm Caliber – The Wealth Development Company, will begin vertical construction, as foundations are complete for the new $14 million, 32-unit luxury sustainable townhome community, The Roosevelt. Set two blocks from the progressive urban hotspot of Mill Avenue in Downtown Tempe, Arizona, at 233 S. Roosevelt, the townhomes will showcase 2-bedroom, 2-1/2-bath townhome models with over 1,800 square feet of living space and the latest in energy efficiency/green initiatives and home automation. Phase 1, or 14 units, is expected to be completed December 2018.
“Caliber Development has worked closely with city officials and the community to ensure the property offers a modern Class A building full of amenities and sustainability innovations to increase property values and improve quality of life,” said Roy Bade, executive vice president of commercial acquisitions and development of Caliber. “The Roosevelt will fulfill the heightened demand from buyers wanting sustainability features that reduce aspects like energy and water usage. We’ve designed many newer technologies and methods into this forward-thinking community, well-located amidst prime office and retail in Tempe, to fit today’s urban buyer seeking a live-work-play lifestyle.”
When completed, The Roosevelt will exceed many of Leadership in Energy and Environmental Design (LEED®) qualifications and meet Energy Star® certification. All units will be equipped with innovative sustainability features including solar panels, LED lighting, hybrid water heaters, Icynene spray foam in all exterior walls and ceilings for insulation and soundproofing, PEX plumbing, High SEER heat pumps, Energy Star Appliances, cool roof technology and more. Home automation technology will explore the areas of virtual assistants, energy management, security, locks, cameras, smoke detectors, electrical control, lighting and outdoor sprinklers. Smartphone applications will help control these aspects while in and out of the home.
Michael Williamson or Beth Spivey at Caliber Realty are exclusive agents for The Roosevelt and can be reached at 480-295-7600. Homes are being offered for approx. $450,000 - $500,000.
Caliber Development has established an impressive portfolio over recent years. The Company is involved in dozens of development/re-development projects around Arizona including The Eclipse Zero Energy Ready townhome community in Scottsdale, the 8-building historic preservation/revitalization project on Main Street in Downtown Mesa, the redevelopment of the Tucson Hilton East Hotel and the construction of a new 125-room hotel adjacent to the Tucson Convention Center.
About Caliber – The Wealth Development Company
Caliber leads the market in providing individual accredited investors and registered investment advisors with well-structured alternatives to traditional investments. The Company builds wealth by forming and managing real estate private equity investments, either through individual assets or multi-asset funds. The Company offers an approachable, full-service investment experience with more than 700 team members working to care for over $300 million (assets under management) in commercial, residential, multi-family, self-storage and hospitality real estate in AZ, CO, NV, UT and AK. Comprised of 5 business units including Investment, Construction & Development, Property Management, Brokerage and Hospitality, Caliber’s vertical integration of support services delivers a unique and efficient 360º approach to investing in real estate. The Company is headquartered in Scottsdale, AZ, with business operations focused throughout the greater Southwest region. www.CaliberCo.com
Note to Investors
This press release is provided solely for information purposes and does not constitute legal or investment advice. This is neither an offer to sell nor a solicitation of an offer to buy securities. While we endeavor to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy or reliability of the data and summaries contained in this press release or the suitability of any separate offering for investors. There are risks associated with any investment. In making an investment decision, investors must rely on their own examination of the company they wish to invest in including the merits and risk involved. Any forward looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update any forward looking statement to reflect events or circumstances after the date on which such statement is made. Please contact Caliber directly at 480-295-7600 for further information.