March 24, 2020
Construction commenced on Ascentris’ 21-story Derby Roosevelt Row, Metro Phoenix’s first “small unit” apartment development. Located at 800 E. 2nd St. in the highly sought-after Roosevelt Row Arts District, the project will feature 222 residential units over six stories of above-ground parking.
More than half of Derby Roosevelt Row’s units will be studios, averaging 350 square feet. All 222 units will come fully furnished. Amenities will include a pool deck on the seventh level, a roof-top deck on the 21st level, and retail space on the ground level. Construction is scheduled to be completed in 1Q 2022.
“These small unit apartments are the first of their kind in Phoenix and are an exciting addition to the vibrant Roosevelt Row neighborhood,” said Hensel Phelps’ John Doherty, which is building the project for the Denver-based private equity firm.
The development manager is Transwestern Development Company, while the architect of record is Wilder Belshaw Architects.
For comments, questions or concerns, please contact Dennis Kaiser