Stillwater Capital and financial partners Origin Investments and Eagle Realty Group are announcing the commencement of construction on The Ellison, a 380-unit luxury multifamily community located in one of the Phoenix Valley’s most dynamic and sought-after markets. Units in The Ellison will be available for lease in 2028.
The Ellison kicks off the development of The District Downtown, a 45-acre mixed-use development located at the northwest quadrant of Arizona and Pecos Avenues. The development will also feature two hotels, restaurant and retail space. Additionally, for Origin, The Ellison represents a new investment for its Income Plus Fund.
“Chandler has been one of the most intriguing markets for Stillwater for years, and we couldn’t be more excited to finally bring this vision to life,” said Thomas Hoy, Partner at Stillwater Capital. “After three years of collaborative planning with the City of Chandler and our partners at Meridian West, we’re ready to deliver a community that reflects both the sophistication our residents expect and the vibrant character of downtown Chandler.”
The Ellison showcases a stunning contemporary design that seamlessly blends modern architectural elements with the natural beauty of the Sonoran Desert. The community, with three-, four-, and five-story buildings, features warm earth tones, clean lines, and expansive balconies that frame breathtaking desert sunsets. Thoughtfully integrated desert landscaping—including native palms, agave, and cacti—creates an authentic Arizona aesthetic while enhancing the pedestrian experience along Pecos Road.
The project is being built on a 12.3-acre site and will include 50 studio units, 211 one-bedroom units, 110 two-bedroom units and 9 three-bedroom units. Interior units will feature an array of Class A amenities, such as gourmet kitchens with quartz countertops and tile backsplashes, kitchen islands, stainless steel appliances, in-unit washers and dryers and wood-style flooring.
Residents of The Ellison will enjoy an unparalleled amenity package tailored to the Southwest lifestyle, including an open-air pool bar and cabana area inspired by Tulum’s laid-back beach bar culture, featuring resort-style seating, TV/video walls, and bar area overlooking the resort-style pool. Additional elements to the amenity package include a boutique hotel-style lobby and leasing center, state-of-the-art fitness center, and multiple curated outdoor courtyards.
“We work very hard to identify unique opportunities to join forces with established and credible development partners to expand our portfolio of investment properties,” said Jacob Sojka, Senior Vice President, Origin Investments. “Origin is excited to partner with Stillwater Capital in delivering The Ellison to a high-growth market where there are significant barriers to entry.”
The Ellison is on the southwest corner of S. Arizona Avenue and Pecos Road, just north of Loop 202, a major thoroughfare in the area. This prime location offers residents immediate access to downtown Chandler’s thriving culinary scene, boutique shopping, entertainment venues, and the acclaimed Chandler Fashion Center.
The development site is centrally located in a high-growth population center 25 miles from downtown Phoenix and in close proximity to Sky Harbor International Airport, and top-rated schools and recreational amenities.
The location also provides direct access to I-10 and other major thoroughfares offering connectivity to major employers including Intel, Northrop Grumman, and the growing Price Road Corridor making The Ellison ideally positioned for today’s urban professionals.
“This project represents the best of public-private cooperation,” added Hoy. “We’re grateful to the City of Chandler and Meridian West for their partnership and shared vision in creating a community that will enhance Chandler’s already exceptional quality of life.”
Other members of the distinguished design and development team include MAWorkshop Architecture, Dallas, Tex., design architect; BMA Architecture, Chandler Ariz., production architect; ABLA Landscape Architecture, Tempe, Ariz, landscape architect; Wood Patel & Associates, Phoenix Ariz., civil engineer; Brennan Ray, Phoenix, Ariz., The Ray Law Firm, zoning and entitlements; Parisa O’Connell, San Francisco, Cal, interior design; and MT Builders, Scottsdale, general contractor.
The Ellison represents the first collaborative project between Stillwater Capital and Origin Investments. Origin Investments is making the equity investment in The Ellison on behalf of Origin Income Plus Fund.
According to Greg Gienko, principal of Meridian West Development, LLC, the construction of roadways on site will begin within the next 60-90 days. Construction on the first of two potential hotels is expected to being in the third quarter.
“We couldn’t be more pleased that Stillwater Capital and Origin Investments represent the official launching of The District Downtown,” Gienko said. “Their professionalism and extensive experience in commercial real estate and multifamily development are a perfect fit for our vision of this master-planned development.”
