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Luxury apartments in midtown Phoenix get zoning clearance

One of the largest national multifamily developers is in escrow to buy a run-down hotel on Camelback Road and Fifth Avenue in midtown Phoenix, with plans to raze the vacant structure to build luxury apartments.

Alliance Residential Co. received zoning approval to raze Hotel 502 at 502 W. Camelback Road, to build a 280-unit luxury apartment community.

The Phoenix-based developer hired Withey Morris PLC to handle its zoning case. Read more….