“I think this location at 44th Street and Camelback Road is the most prime piece of real estate in Arizona. It just doesn’t get better than this – the convergence of Phoenix, Scottsdale and Paradise Valley, plus it’s in my own backyard,” said Fox. “As with all of our projects, The Global Ambassador will be rooted in the surrounding community and the hotel will take that to the next level. When you first walk in, you’ll notice how open and all-encompassing the ground-level is, which allows travelers and locals to mix, mingle and connect. From one space to the next, the energy plays off one another. We want people to reconnect and celebrate being together. Welcoming people into our neighborhood is the premise and foundation of The Global Ambassador.”
The Grove will also be home to the fifth Arizona residential community by StreetLights Residential, a trusted leader in the multifamily industry that takes a design-centric approach to urban development. The building will feature 58 two and three-bedroom luxury apartment homes with custom design features and finishes including wood flooring, quartz countertops, mini bars, spa-like bathrooms with walk-in showers and premium Sub-Zero and Wolf kitchen appliances with custom ready finishes to match built-in cabinetry. The building’s amenities include a lobby with access to a full-service concierge, a clubroom and resident bar, two fitness studios and an elevated pool deck with private cabanas, lounge seating and outdoor fireplaces.
“We believe this is one of the best pieces of real estate in the state of Arizona, and we are excited to be part of this transformative project,” said Greg Nadeau, vice president of development over the Arizona region for StreetLights Residential. “We have carefully crafted our residential building to complement the architecture of the district, delivering sophisticated and boutique feeling apartment homes designed for a similar style of living experienced in the surrounding Paradise Valley and Arcadia neighborhoods.”
Demolition on the site’s former buildings is fully completed and the initial site work including the parking garage excavation, shoring, underground utility work and waterproofing is now complete. Footings and the office building columns are currently being poured.
“The Camelback Corridor is nationally recognized as the most prestigious office location for premier businesses in the Valley, and The Grove will only further enhance the strength and vitality of this area,” said Christine Mackay, director, Phoenix community and economic development. “As the first new Class AA office campus in two decades, we look forward to seeing the significant positive impact this development will have on the neighborhood in attracting world-class tenants.”
Leasing for the office building is now underway with tenant announcements expected in the coming months. For more information on The Grove at 44th Street and Camelback, visit REDDevelopment.com/The-Grove. For more about The Global Ambassador, visit GlobalAmbassadorHotel.com.