Alliance Residential Company, Nation's Largest Multifamily Developer, Adds More Than 1,300 Units in Metro-Phoenix Market with Five New Luxury Communities

PHOENIX, Feb. 15, 2017 /PRNewswire/ -- Alliance Residential Company, the nation's largest multifamily developer and seventh largest multifamily manager, is bringing five new luxury communities with more than 1,300 new units to prospective residents across the Valley.

Headquartered in Phoenix since 2000, Alliance has a major development and management presence in the area with over 42 communities in various neighborhoods including Phoenix, Scottsdale, Tempe, Chandler and Gilbert. All of the new metro-Phoenix apartment properties are Alliance's signature Broadstone communities, built in desirable neighborhoods and offering an exclusive lifestyle and extraordinary amenities.  Since 2013, Alliance has developed or is currently developing 10 communities (more than 2,670 units) throughout the Valley.

"The Metro Phoenix area has proven to be a thriving business environment which continues to support development of Class A residential communities," said Ian Swiergol, managing director for Alliance Residential Company. "Residents are attracted to properties with finishes and amenities that match or mirror the high-end nature of their locations. Alliance has been part of this growing and vibrant metro area for many years and adding these new communities cements our commitment to developing best-in-class properties in the region," Swiergol said.

The recently opened Broadstone Fashion Center is a 335-unit community offering high-style apartments in Chandler's Fashion District. Located at 555 S. Galleria Way, within walking distance of Chandler Fashion Center, Broadstone Fashion Center is a stylish icon in Chandler where living meets laidback luxury. Studio, one- and two bedroom apartments ranging from 669 square feet to 1,306 square feet are currently available for rent from $1,000 $1,950. Resident amenities include social gaming and technology lounges, decked-out fitness spaces, a sparkling pool with shaded cabanas, and a private pet park. Known as "The Silicon Desert," Chandler is one of the fastest growing high-technology cities in the west and Broadstone Fashion Center is in the thick of it all.

Broadstone Arts District, which is now open for pre-leasing, is Alliance Residential's latest downtown Phoenix luxury apartment community. The 280-unit community located in the heart of the dynamic Arts District connects downtown to historic neighborhoods including Garfield, Evans Churchill, F.Q. Story, Willo, Roosevelt, Historic Roosevelt and Grand Avenue. Located at 222 E. McDowell Road adjacent to the Phoenix Theatre and Phoenix Art Museum, Broadstone Arts District is a sensory living experience where art, design and culture come together. The studio, one- and two-bedroom apartments and penthouse options are available from 606 square feet to 1,148 square feet with rents ranging from $1,200 to $2,950. Community amenities include the two-story Gala Room with an upscale chef's kitchen, a social and gallery flex space known as the Canvas @ Broadstone and the Art Promenade that is equipped with a sprawling gaming area and outdoor dining spaces. Residents are next door to the Phoenix Art Museum, walking distance to Roosevelt Row and steps from the light rail.

Broadstone Roosevelt is a 316-unit community located at 330 E. Roosevelt in downtown Phoenix. Currently under construction, the community will offer residents studio, one-, two- and three-bedroom apartments, as well as brownstones when it opens for pre-leasing in the fall of 2017.  Situated in the notable Roosevelt Row district which has become nationally known for its arts and cultural events, galleries, live music and award-winning restaurants, Broadstone Roosevelt will continue this community spirit and house retail and restaurant space connected to its lobby, open to residents and the public.

Broadstone Gilbert Heritage, a 256-unit community located at 230 E. Civic Center Drive, is currently under construction in downtown Gilbert and will open for pre-leasing in the summer of 2017. Broadstone Gilbert Heritage will offer carriage, one-, two and three-bedroom apartments and is situated adjacent to the Gilbert Civic Center and Gilbert Town Hall and is bordered by the emerging Downtown Gilbert Heritage District, filled with cultural attractions, restaurants, shops and parks.

Broadstone Lakeside will offer studio, one-, two- and three-bedroom apartments ranging from 624 to 1,875 square feet. Located at 500 W. 1st Street, the 150-unit community in the heart of Tempe is within walking distance of Tempe Town Lake and offers a light rail stop less than a half-mile way, giving residents easy access to Arizona State University and downtown Phoenix. The community is being designed to serve the growing urban employee demographic that occupies the millions of new Class A office space recently developed along Tempe Town Lake.  This community is currently under construction and will be open for pre-leasing near the end of 2017.

About Alliance Residential Company

Phoenix based Alliance Residential Company, the largest multifamily developer and seventh largest multifamily manager in the nation, is the developer of the high-profile Broadstone communities. Broadstone apartment homes offer an exclusive luxury lifestyle with upscale design and finishes, world-class service and amenities distinctly Broadstone, with convenient access to explore the great outdoors, surrounding culture, dining, entertainment and first-class shopping. Alliance is also one of the largest private apartment owners, boasting a $14 billion portfolio of 92,000 units in 32 metropolitan markets. For more information, visit www.liveatalliance.com.

SOURCE Alliance Residential Company

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