The iconic 11-story One Camelback office building in Phoenix is on the cusp of a dramatic transformation, nearing the final stages of its conversion into a luxury apartment complex. The project, expected to open its doors in September, signifies a significant shift in the city’s urban landscape and housing market.
Key Takeaways
- The One Camelback conversion is over 90% complete and set to open in September.
- The development features 163 units, a 150-foot open atrium, and extensive amenities.
- Rents will range from $1,600 to $10,000 per month.
A New Era for One Camelback
The glass tower, formerly known as the BMO bank building, was acquired by Kinella Capital for $36 million after the initial developer faced financial challenges. This acquisition paved the way for the ambitious conversion project.
Unveiling the Amenities
The 163-unit complex boasts a striking 150-foot open atrium at its core. Residents will enjoy a wealth of amenities designed for modern urban living, including:
- A state-of-the-art gym
- A dedicated co-working lounge
- Convenient underground parking
- An expansive rooftop pool offering panoramic 360-degree views of the city and the majestic Camelback Mountain.
Living Spaces and Rental Information
The apartments themselves will range in size from 530 to 1,900 square feet. Monthly rents are projected to fall between $1,600 and $10,000, catering to a diverse range of renters seeking premium urban accommodations. The rooftop area is further enhanced with additional features such as a pool and spa, various lounge areas, a fire pit, and multiple grills, creating an ideal space for relaxation and entertainment.
Ground Floor Retail
In addition to the residential units, the development will also feature 11,000 square feet of ground-floor retail space, promising to add vibrancy and convenience to the surrounding neighborhood.