LMC Announces Opening of Nexa Apartments in Tempe

TEMPE, Ariz., July 11, 2017 /PRNewswire/ -- LMC, a leader in apartment development and management, today announced the opening of Nexa, a mixed-use apartment community located in North Tempe. 

The five-story luxury development features 399 apartment homes and 4,300 square feet of ground-floor retail, consisting of Press Coffee and Kuka Sushi. First move-ins began in late April and the official grand opening will be held in October. The community, already 40 percent leased, has seen tremendous success in the few months it has been open.

"North Tempe is an exciting submarket and we're fortunate to be a part of its tremendous growth," said Scott Johnson, division president for LMC. "Nexa is a community second to none in the market when it comes to luxury finishes and amenities. It will meet the market demand for top-tier housing and cater not only to the tech-savvy young professionals and students in the area, but anyone eager to live in a high-quality, well-located property."

Nexa is the second community LMC has developed in Tempe. The first, Skywater, was completed and sold in 2015. While Skywater was and continues to be a successful development, Nexa represents a second-generation product for LMC in the market with added amenities and higher level of finishes.

Situated at 1221 E. Apache Boulevard, Nexa is one of the few new apartment communities in the submarket to be located adjacent to a light rail station, connecting it to surrounding locational amenities, Sky Harbor Airport, and Downtown Phoenix. Nexa is just minutes from Arizona State University, Marina Heights, Tempe Town Lake and the Mill Avenue Entertainment District. The latter serves as a premier option for shopping, dining and nightlife. The community is part of a larger redevelopment plan for the Apache Corridor, which is currently undergoing a surge of new residential and commercial development.

Nexa consists of studio, 1-, 2- and 3-bedroom apartment homes ranging in square footage from 597 to 1,323. Community amenities include a tech lounge, pet grooming station, fenced pet park, 24-hour two-story fitness center, resort-style pool with waterfall and beach areas, multi-level hot tubs, poolside game lounge, secure bike storage, multiple courtyards and outdoor amenity areas, and a 24-hour package concierge program.

Apartment interiors are equipped with stainless steel GE appliances including side-by-side refrigerators, quartz countertops, glass tile backsplash, LED lighting, wood-style flooring, soft-close wood cabinetry, under cabinet lighting, front-loading washers and dryers, walk-in closets and high-end contemporary finishes and fixtures.

Including Nexa, LMC has more than 1,000 apartment homes in operation, planned or under construction in the Phoenix area.

Stay connected to the community at www.livenexa.com.

About LMC
LMC, a wholly owned subsidiary of Lennar (NYSE:LEN), is a multifamily real estate development and operating company with a diverse portfolio of institutional quality multifamily rental communities across the US. LMC has a 23,000-unit pipeline of communities ranging from operating to under development that exceeds $7 billion and consists of high-rise, mid-rise and garden apartments.

LMC creates extraordinary communities where people can live remarkably.

www.LiveLMC.com

Media Contact                                              
Lindsey Bernhardt                                                        
LinnellTaylor Marketing                                            
303-682-3941                                                 
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SOURCE LMC

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