Smith & Rio will offer a mix of studio, one-, and two-bedroom units, including a selection of one-bedroom units with additional den/home office space. Residents will have access to an exclusive and robust amenity collection, including, a fifth floor sky lounge; two outdoor courtyards; a dog park and a pet lounge; a large work-from-home area that includes ample individual work spaces; a pool; a spa; a state-of-the-art fitness center; and water features throughout the outdoor spaces.
“Smith & Rio is situated in an increasingly popular and easily accessible location within the Phoenix area, close to Arizona State University and a growing base of corporate office users. Along with our partners, our team has designed the building with the preferences of these potential residents in mind, incorporating high-quality finishes and amenities, while also providing walkable access to nearby destination shopping, restaurants, sports and entertainment venues,” said Paul Tuchin, a Principal with High Street Residential’s Phoenix office.
Located at 1979 East Rio Salado Parkway, Smith & Rio is positioned directly across the street from the largest shopping destination in Tempe, the 1.3-million-square-foot Tempe Marketplace. The location is also complemented by a vast number of employment opportunities, including the highest concentration of tech companies in the state, outdoor walking and biking pathways, Tempe Town Lake activities and festivals, and many other attractions the city has to offer in close proximity. Smith & Rio is a 20-minute drive to Downtown Phoenix and 10 minutes from Phoenix Sky Harbor International Airport.
About Trammell Crow Company
Trammell Crow Company (TCC), founded in 1948, is a global commercial real estate developer having developed or acquired 2,800 buildings valued at nearly $70 billion and over 625 million square feet. As of March 31, 2022, TCC had $19.8 billion of projects in process and $10.1 billion in its pipeline. It employs 700 professionals throughout the United States and Europe.
Trammell Crow Company’s teams are dedicated to building value for its clients with professionals in 26 major cities throughout the United States and Europe. The company serves users of and investors in office, industrial, healthcare, multi-family residential, through its operating subsidiary High Street Residential, and mixed-use projects. For those who occupy real estate, TCC can execute the development or acquisition of facilities tailored to meet the needs of its clients. For investor clients, the company specializes in joint venture speculative development, acquisition/re-development ventures, build-to-suit development and providing incentive-based fee development services.
TCC is an independently operated subsidiary of CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, and the world’s largest commercial real estate services and investment firm (based on 2021 revenue). For more information visit www.TrammellCrow.com.
