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New Multifamily Development Activates Central Corridor
New Multifamily Development Activates Central Corridor March 4, 2019

Circa Central Avenue Opens its Doors to the Public

Circa Central Avenue, a new multifamily project, developed just south of Phoenix Art Museum and adjacent to the Metro Valley light rail, is open, accepting new residents and is activating the central corridor. Hunt Companies, Inc., Tilton Development Company and Ryan Companies US, Inc. have completed the six-story project that includes four levels of residential apartments over two levels of parking, as well as five, two-story townhomes and two creative office suites.

"Circa Central Avenue is an upscale urban infill apartment living experience that combines unique design, comfort, convenience, top tier amenities and a Central Avenue address – all in the center of Downtown Phoenix," said Daniel Tilton, owner of Tilton Development Company.

The design captures the energy of this site by incorporating popular amenities including a 24-hour fitness center, juice bar, two amenity decks and a cycle loft. The two separate amenity decks are elevated 20 feet above the street and include a pool, sports lounge, bocce ball court and outdoor cooking facilities overlooking Downtown Phoenix. The cycle loft features 93 hydraulic bike racks, a bike washing station, workbench, tools, storage lockers and a bike equipment vending machine. Studio Meng Strazzara of Seattle, Wash., was the architect of record and Reverie West Design was the interior designer.

"The project has an abundance of great amenities, but the neighborhood itself is the best feature," said Tyler Wilson, vice president of real estate, Ryan Companies US, Inc. "Circa Central Avenue is walking distance to ASU's Downtown Phoenix campus, close to several restaurants, a neighbor to the Burton Barr Library, and a few steps away from great hangout spots like Giant Coffee."

"Our neighborhood is bustling with lots of activity and we are really excited to have a great project like Circa Central Avenue as a neighbor," said Matt Pool, owner of Matt's Big Breakfast and Giant Coffee. "We look forward to welcoming all the tenants to our community."

The project team understands the impact that buildings have on a community and was committed to ensuring the project benefits were inclusive of the neighboring businesses. "It has been a huge priority to be a good neighbor and build great relationships with nearby businesses," said Wilson. "In order to assist in the upkeep of the surrounding areas, we secured a temporary use agreement for 7,872 square feet of land directly next to the multi-family property and have put in desert landscaping to further beautify the area."

Apartment units are being leased and managed by Hunt affiliate, Pinnacle Property Management Services, LLC, and tours are currently taking place. Circa Central Avenue has seven unique unit layouts, two different color finishes and several views. For leasing information, please contact Pinnacle Property Management at 480-676-5969

“We are excited for residents to have access to the lifestyle we have created at Circa Central Avenue - it is an ideal location for people who want to be in the mix of activity,” said Terence Johnson, Hunt development manager. “We are pleased to have worked with our partners Tilton Development and Ryan Companies on this project.” 

The two-story loft-style office suites facing Central Avenue range in size from 1,344 square feet to 1,185 square feet and future tenants will have full access to all building amenities. For lease information regarding the two creative office suites, please contact James Cornish or Corey Hawley at CBRE, 602-735-5555

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About Ryan Companies US, Inc.
Founded in 1938, Ryan Companies offers comprehensive commercial real estate services as a national developer, architect, capital investment consultant, builder and real estate manager with a focus on bringing lasting value to its customers and the communities in which it works. Ryan market depth includes retail, industrial, healthcare and senior living. Ryan development and corporate build-to-suit work spans a wide range of product types including office, mixed-use, hospitality, multifamily housing and mission critical facilities. Ryan has nearly 1,300 employees in 16 offices and has completed projects in 39 states. For more information, visit ryancompanies.com.

About Tilton Development Company
In 2009, after 30+ years in the corporate business world of real estate development and construction, Daniel Tilton founded three companies with a diversified business plan that include Tilton Development Company, a real estate development firm; Tilton Construction Company, a dual-licensed, residential and commercial general contractor; and Tilton & Associates, LLC, a real estate consulting and brokerage firm. Through Tilton Development Company and Tilton Construction Company, Daniel Tilton has invested, developed, completed construction management services, assisted with the leasing and disposition of several mixed-use, master-planned, multifamily residential developments. Visit tiltondevelopment.com for more information.

About Hunt Companies
Hunt is comprised of a family of companies in the real estate and infrastructure markets. As a private, family-owned company, Hunt develops, invests, manages and finances assets at all stages to derive and deliver value. Founded in 1947, Hunt builds its reputation on integrity and performance. With a focus on excellence in corporate governance, Hunt is committed to a culture of transparency for employees, clients, investors and the communities it serves. Hunt employs over 1,500 direct employees and its broader platform (including affiliates) employs over 6,000 additional employees across the United States and Europe. Learn more at www.huntcompanies.com.

Pinnacle Property Management Services, LLC
Pinnacle Property Management Services, LLC, ("Pinnacle") is a privately held national real estate provider specializing in third party management of multifamily residential communities. As one of the nation's preferred third-party managers, Pinnacle's portfolio includes over 165,000 residential units and 2.75 million square feet of commercial assets. With the corporate headquarters located in Dallas, Texas, Pinnacle has more than 4,100 employees located in 30 states.