X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

CHANDLER, AZ-Real Estate Capital Partners of New York City has joined forces with Scottsdale, AZ-based Vedura Residential to develop a 163-unit luxury multifamily complex. This $20 million project will operate under Vedura’s “Elevation” brand name – making it Elevation Chandler.

But don’t confuse this as yet unbuilt project at Pecos and Dobson Roads with another Elevation Chandler, the eyesore, see-through, half-completed condotel near the Chandler Fashion Center, on which construction was abruptly halted in 2008 due to lack of funds. Vedura residential managing director Bruce Hart tells GlobeSt.com that the see-through, half-completed building on San Tan Freeway and Loop 101 will soon be stripped of the name Elevation Chandler. Vedura, in fact, trademarked the “Elevation” brand name. “By the time we open our project,” Hart adds,” the other will be long gone, so there shouldn’t be confusion from the consumer perspective.” Vedura currently has its Elevation in Flagstaff open in Flagstaff, AZ and plans to launch construction on Elevation on Central, a multifamily property in the Phoenix CBD later this year.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

 

GlobeSt. APARTMENTS Fall 2021Event

Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.