Zero Energy Ready Townhome Community Goes Vertical in Downtown Tempe Urban Hotspot

TEMPE, AZ - Caliber Development, a division of real estate investment firm Caliber – The Wealth Development Company, will begin vertical construction, as foundations are complete for the new $14 million, 32-unit luxury sustainable townhome community, The Roosevelt. Set two blocks from the progressive urban hotspot of Mill Avenue in Downtown Tempe, Arizona, at 233 S. Roosevelt, the townhomes will showcase 2-bedroom, 2-1/2-bath townhome models with over 1,800 square feet of living space and the latest in energy efficiency/green initiatives and home automation. Phase 1, or 14 units, is expected to be completed December 2018.

“Caliber Development has worked closely with city officials and the community to ensure the property offers a modern Class A building full of amenities and sustainability innovations to increase property values and improve quality of life,” said Roy Bade, executive vice president of commercial acquisitions and development of Caliber. “The Roosevelt will fulfill the heightened demand from buyers wanting sustainability features that reduce aspects like energy and water usage. We’ve designed many newer technologies and methods into this forward-thinking community, well-located amidst prime office and retail in Tempe, to fit today’s urban buyer seeking a live-work-play lifestyle.”

When completed, The Roosevelt will exceed many of Leadership in Energy and Environmental Design (LEED) qualifications and meet Energy Star certification. All units will be equipped with innovative sustainability features including solar panels, LED lighting, hybrid water heaters, Icynene spray foam in all exterior walls and ceilings for insulation and soundproofing, PEX plumbing, High SEER heat pumps, Energy Star Appliances, cool roof technology and more. Home automation technology will explore the areas of virtual assistants, energy management, security, locks, cameras, smoke detectors, electrical control, lighting and outdoor sprinklers. Smartphone applications will help control these aspects while in and out of the home.

Caliber Development has established an impressive portfolio over recent years. The Company is involved in dozens of development/re-development projects around Arizona including The Eclipse Zero Energy Ready townhome community in Scottsdale, the 8-building historic preservation/revitalization project on Main Street in Downtown Mesa, the redevelopment of the Tucson Hilton East Hotel and the construction of a new 125-room hotel adjacent to the Tucson Convention Center.

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