OliverMcMillan Unveils Plans for Apartment Community in Tempe
- Oct 03, 2014
OliverMcMillan recently detailed plans for SALT, a 265-unit, Class A apartment community in Tempe. The project will be located on a 3.7-acre tract in the Hayden Ferry Lakeside master-planned community, which also includes residential, hospitality and office components.
SALT will offer one-, two- and three-bedroom units. Amenities will include two pools, a spa, a yoga lawn, poolside cabanas, multiple barbecue areas, landscaping and frontage on Tempe Town Lake. Residents will also have access to media and social rooms and a gym equipped with cardio machines, free weights and resistance training machines.
“We created a modern, multi-family community that offers easy transition between indoor and outdoor living, drawing inspiration and vital energy from both environments, “ said OliverMcMillan CEO Morgan Dene Oliver said in a statement. “The location near Mill Avenue and Tempe Town Lake inspired the multi-faceted idea of SALT – our take on contemporary elemental living that we think will be very enjoyable for residents.”
The development team comprises Amstar, the equity partner; Comerica, the construction lender and Adolfson & Peterson Construction, which will serve as general contractor. “We brought together a fantastic team to make SALT stand out for its contemporary design and livability,” said Eric Buchanan, OliverMcMillan’s managing director of acquisition and development.
Founded in 1978 by Dene Oliver and Jim McMillan, San Diego-based OliverMcMillan has designed, developed and managed properties totaling more than eight million square feet. In Tempe, the firm developed the two-building Regents Center, located 1.5 miles from Arizona State University.
Renderings Courtesy of OliverMcMillan