Milhaus, in a partnership with Los Angeles–based development firm Banyan Residential, has plans to expand into Arizona with 621-unit Milhaus North Tempe, one of the company’s largest developments to date. Milhaus North Tempe is the company’s fifth project funded by opportunity-zone capital and the first of four planned opportunity-zone developments in 2021.
The $91 million first phase of this planned two-phase $177 million development project is scheduled to break ground in March of this year.
The complex will offer residents luxury amenities such as a pool deck, grill stations, outdoor spa, commercial-grade fitness center, clubhouse with work and entertainment areas, an on-site library, and a dog park overlooking Downtown Tempe.
It is located less than a quarter mile from Tempe Town Lake, a mile from Arizona State University, and one and a half miles from downtown Tempe.
Students and young professionals are flocking to the city for its clean, safe
