Construction is moving along on 78 new apartment homes for seniors on the former campus of Catholic Charities Community Services of Arizona. FSL is building Acacia Heights, an affordable senior living community, which is located in the heart of Historic Pierson Place. The apartment homes will serve seniors 62 years old and older between 40%- 60% of Area Median Income (AMI) adjusted for household size. The property is located at 615 W. Pierson St. in Phoenix and is anticipated to be complete in early 2021.
“The majority of these units will be affordable to individuals and households earning minimum wage or relying on social security benefits,” said Steve Hastings, director of real estate for FSL. “It’s a great location with access to restaurants and shops nearby. Additionally, the property is walking distance to the light rail terminal at Camelback and 7th Ave.”
The project will consist of 76 one-bedroom and 2 two-bedroom apartment homes. The apartments will be accompanied by common spaces and a community room area. Acacia Heights will be energy efficient and include energy efficient appliances inside the units.
Hastings added, “The Pierson Place Historic District has become rather popular in the last ten years. Gentrification seems to be taking hold and income data supports that it is indeed occurring. With the onset of gentrification, it is important that existing residents are not priced out of the neighborhood and are provided affordable housing opportunities within their boundaries. Acacia Heights is such a project.”
To inquire about Acacia Heights or any of FSL’s new projects, please call 602-285-1800 and ask for the Real Estate department.