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Originally Posted by combusean
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The gardens and food concept sound really cool, I don’t think the floor count, unit count or dates have changed. Not sure if the rendering is new or not. I’ll be really interested to see how this color scheme stands out from the rest of the buildings. Overall sounds pretty cool.
The project is located at 777 N. Central Ave. on a site that is a surface parking lot. Construction is expected to finish around the second quarter of 2026.
The project, called Ray Phoenix, is a joint venture between development firm Ray and VeLa Development Partners. The Phoenix location will be the third Ray development nationwide, the company has developed a building in Philadelphia and is constructing a complex in Harlem in New York City.
The building will have 401 apartment units, ranging in size from studios to two-bedrooms, and includes penthouse options.
Rents at the development are expected to vary greatly, ranging from $1,550 per month to $7,500 per month. The company will begin taking reservations for select units immediately after groundbreaking, a company spokesperson said.
The Phoenix building was designed by Johnston Marklee & Associates, in partnership with Lamar Johnson Collaborative. It will include a fitness studio, resort-style pool, dog washing stations, indoor and outdoor gardens and a 4,500-square-foot food and beverage concept with art exhibition space on the ground floor. The developer did not announce a tenant for the restaurant space yet.