The mixed-use development, slated to open in
mid 2025, will transform downtown Phoenix with apartments, student housing,
office, and retail space
PHILADELPHIA, Sept. 10,
2024 /PRNewswire/ -- GMH Communities (GMH), a
vertically-integrated real estate company specializing in the
acquisition, development and management of exceptional living
communities throughout the United
States, officially named the innovative residential
properties at Central Station, marking a significant milestone in
the innovative mixed-use development.
Located in downtown Phoenix,
this luxury residential community is comprised of two high-rise
buildings overlooking an exclusive amenity deck. The east building
is officially named 'The Maeve Central Station' and the west
building is officially named 'ANOVA Central Station.' Both
complexes are set to transform the city skyline as part of a
public-private partnership. The development team includes CBRE
Investment Management, Houston-based Medistar Corp, Layton
Construction, and Multistudio.
Central Station establishes a new standard of living—and
working—in the heart of downtown Phoenix. With the city's newest combination of
activated office spaces, polished apartments and well-appointed
student accommodations under one roof, ANOVA Central Station and
The Maeve Central Station create a comprehensive living environment
where professionals and students can work, learn, live, play and
thrive.
"The naming of Central Station's multifamily dwellings is the
latest milestone for GMH's Residential and Innovative Living
verticals," said Gary Holloway
Jr., Chief Executive Officer and President, GMH
Communities. "GMH is excited to bring apartment living that
focuses on community, accessibility and innovation to the
City of Phoenix. ANOVA Central
Station and The Maeve Central Station provide unparalleled service,
exceptional amenities and a best-in-class management team to ensure
Phoenix residents have all their
needs met in one place."
Accommodations at the one-million square foot Central Station
development consist of 22 stories of furnished and unfurnished
student housing at ANOVA Central Station, 33-story high-rise
accommodations at The Maeve, and 60,000 square feet of
state-of-the-art flexible, creative office space, two levels of
underground parking and 30,000 square feet of divisible retail
space. Pedestrian-friendly green spaces and walking paths surround
Central Station, where transportation, lifestyle and community come
together in the prime location of Phoenix's primary Greg Stanton Central Station
hub, addressing the city's desire for top-notch housing near public
transit.
ANOVA Central Station is the newest addition to GMH's Innovative
Living portfolio, offering modern residential communities
tailored to the needs of professionals and students across various
academic disciplines. Conveniently located in the heart of
Arizona State University's Downtown
Phoenix Campus and featuring options ranging from micro unit
studios to four-bedroom units, ANOVA Central Station is positioned
to meet the unique needs of urban residents by offering both
furnished and unfurnished apartment homes, along with flexible
co-living opportunities. Thoughtfully designed to accommodate more
than a traditional 9-5 schedule, select apartment homes will also
feature unexpected conveniences such as bi-weekly housekeeping at
no additional charge.
The Maeve Central Station offers sophisticated luxury that
invites residents to embrace the excitement—and endless
possibilities—of Phoenix's
downtown district. Steps away from shopping and dining, residents
will discover limitless opportunities for indulgence including an
elevated amenity deck, a resort-style pool, and an expansive
penthouse-level amenity space with panoramic views of downtown
Phoenix and beyond. The Maeve
boasts 338 spacious apartment homes with a variety of one-bedroom
and two-bedroom floor plans to cater to an array of lifestyles.
"CBRE Investment Management is thrilled to recognize the naming
of The Maeve Central Station and ANOVA Central Station," said
Justin Shanahan, Senior Director,
Deputy Fund Manager, CBRE Investment Management. "This is a
positive next step in such a significant mixed-use project that
will bring new housing, office and retail space to downtown
Phoenix. We continue to be proud
to collaborate with GMH Communities and the City of Phoenix on this groundbreaking
project, reflecting our ongoing commitment to innovation and
community development in Phoenix
and multiple product types and geographies across the United States."
Central Station is slated to open in mid 2025. For more
information, please visit www.centralstationphx.com.
About GMH Communities
Headquartered in Newtown Square, PA, GMH Communities is a
dynamic, privately held real estate company specializing in the
acquisition, development and management of exceptional living
communities throughout the United
States. Since 1985, GMH has participated in over 300
transactions representing more than $9.5 billion of gross
asset value across all major property types. For more information,
visit www.gmhcommunities.com
About CBRE Investment Management
CBRE Investment Management is a leading global real assets
investment management firm with $142.5
billion in assets under management* as of June 30, 2024, operating in more than 30 offices
and 20 countries around the world. Through its investor-operator
culture, the firm seeks to deliver sustainable investment solutions
across real assets categories, geographies, risk profiles and
execution formats so that its clients, people and communities
thrive.
CBRE Investment Management is an independently operated
affiliate of CBRE Group, Inc. (NYSE:CBRE), the world's largest
commercial real estate services and investment firm (based on 2023
revenue). The company has more than 130,000 employees (including
Turner & Townsend employees) serving clients in more than 100
countries. CBRE Investment Management harnesses CBRE's data and
market insights, investment sourcing and other resources for the
benefit of its clients. For more information, please visit
www.cbreim.com.
*Assets under management (AUM) refers to the fair market value
of real assets-related investments with respect to which CBRE
Investment Management provides, on a global basis, oversight,
investment management services and other advice and which generally
consist of investments in real assets; equity in funds and joint
ventures; securities portfolios; operating companies and real
assets-related loans. This AUM is intended principally to reflect
the extent of CBRE Investment Management's presence in the global
real assets market, and its calculation of AUM may differ from the
calculations of other asset managers and from its calculation of
regulatory assets under management for purposes of certain
regulatory filings.
About Multistudio
Multistudio collaboratively expands
the practice of architecture, brand experience, city design,
education design, and interiors to serve the complex and evolving
needs of our clients and communities. The diversity of thought,
people, and disciplines helps us explore places and spark
possibilities of economic, social, and environmental change.
About Medistar
Medistar Corporation is a
full-service commercial real estate development company
headquartered in Houston, Texas. Medistar delivers innovative solutions
to clients, investors and partners across the U.S. As it has for
over 50 years, Medistar specializes in the design, development,
financing acquisition and construction of healthcare, hospitality,
multifamily and mixed-use projects.
About Layton Construction
Layton Construction, founded
in 1953, is a top-ranked national commercial construction firm. As
part of the STO Building Group, we bring project experience
throughout the United States,
Canada, and Europe.
Media Contact:
Alexa McCardell
amccardell@gmhcommunities.com
Eddie Ravert
eddie.ravert@clynch.com
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SOURCE GMH Communities