Phoenix, AZ
HSR, Mar-Gulf and MDI Break Ground on 308-Unit Union Park Residences in Phoenix’s Norterra Neighborhood
November 17, 2025
Media Contact
Sr. Communications & Media Manager
High Street Residential (HSR), the residential subsidiary of Trammell Crow Company, and joint venture partners Mar-Gulf Management Inc. (“Mar-Gulf”) and MDI Capital, LLC (“MDI”), the international real estate subsidiaries of Kuwait Financial Centre (“Markaz”), have broken ground on Union Park Residences in Phoenix’s Norterra master-planned development. The 308-unit, four-story, Class A community will sit on 8 acres and is expected to be completed by the fourth quarter of 2027.
Located at 2215 W. Union Street in northern Phoenix, Union Park Residences will include studios, one- and two-bedroom units ranging from 600 to 1,400 square feet. The high-end contemporary unit finishes will include premium cabinets, large kitchen islands with quartz countertops, tile backsplashes, stainless steel appliances, and tiled shower and tub surrounds. The expansive community amenities will include a pool, spa, fitness center with a sauna and cold plunge, spacious coworking area, pet spa, dog run, club room, and game lounge.
Union Park Residences will be situated in the heart of Norterra, a vibrant master-planned community renowned for its blend of modern suburban living, charming streetscapes, and walkable retail. Located within one of Phoenix’s most dynamic growth corridors, the area spans nearly 400 acres and features a mix of over 1,000 homes, apartments, and 250,000 square feet of commercial and office space. Adjacent to Union Park Residences will be a new 45,000-square-foot, two-phase retail development from Affinius and RED Development. Tenants within the retail center include Shake Shack, Cava, First Watch, Paris Baguette, and Firebird’s Wood Fired Grill.
“The development of Union Park Residences demonstrates our commitment to delivering high-quality multifamily housing in premium locations within the Valley,” said Nate Stum, a Senior Vice President with TCC in Phoenix. “Norterra’s master-planned design—with its walkable neighborhoods, quality retail and restaurants, and proximity to major employers—makes it an ideal location for apartment living.”
ESG Architects have designed the project, and Ironmark Building Company will serve as the general contractor.
High Street Residential
High Street Residential, the residential subsidiary of Trammell Crow Company, specializes in the development of multifamily housing. We have a deep background in urban, infill mixed-use residential development, and the redevelopment or repurposing of existing facilities. The firm has approximately 14,000 units in process or in its pipeline. In the last 19 years, the firm has completed approximately 18,500 units valued at nearly $5.7 billion. For more information, visit www.highstreetresidential.com.
Trammell Crow Company
Trammell Crow Company (TCC) is a leading commercial real estate developer and wholly-owned subsidiary of CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas. Founded in 1948, TCC has developed or acquired 3,000 buildings valued at $90 billion spanning more than 700 million square feet. As of March 31, 2026, TCC had nearly $30 billion of projects in process or its pipeline. With approximately 465 employees throughout the United States and Europe in 26 offices, the company serves users of and investors in office, industrial/logistics, healthcare, life science, data center, mixed-use, and multifamily projects through its residential subsidiary, High Street Residential. For more information visit www.TrammellCrow.com.