Vertical Street Ventures (VSV) has acquired Redondo Tower, a downtown high-rise apartment building, in Tucson, Arizona.
VSV teamed up with Hardwick Apartment Homes, Prime Investment and Fastpath Capital Group.
The financial terms and sales price were not disclosed.
This marks VSV’s fifth property purchased in the Tucson market and 12th property acquired in the Arizona market.
“When we discovered Redondo Tower was available for purchase, we immediately jumped on the opportunity,” said Ronnie Gou, a managing partner for VSV. “We’ve invested in Tucson for several years now and Redondo Tower has always been a fixture in the downtown area. We're thrilled and honored to take on this project for the City of Tucson. We'll take it through a major renovation and add to the fabric of downtown's revitalization.”
A 96-unit high-rise apartment building, Redondo Tower is a key part of downtown Tucson, which will be rebranded Vertical Height
