Union @ Roosevelt Attracts Chicago Investor

by Mike Hunter

Union @ Roosevelt, a recently developed mixed-use project within the popular Roosevelt Row district of Downtown, has been sold to a Chicago-based investor for $27 million. Located at 888 N. 1st Ave., it features 80 luxury, mid-rise apartments with 9,100 square feet of ground-floor retail space and 28,000 square feet of land.

“We were very excited to work on such an intricate deal that will continue to shape the culture of downtown Phoenix,” says Brad Cooke, Senior VP of Colliers International in Arizona. “The sellers were very intent on selecting the right buyer that saw the correct vision for Phase II, which will be approximately 120 units, bringing the total unit count to 200 units.”

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