May 25, 2011
Today construction began on an adaptive reuse project that will revitalize a 99-unit former motel at the intersection of Grand Avenue, 15th Avenue and Roosevelt Street. When the project is complete in 2012, the Oasis on Grand Apartments will offer 60 units of studio and one-bedroom housing in the heart of the city’s Westside Arts and Culture Overlay District. Of the 60 units, 24 will be market-rate housing and 36 will be affordable housing.
“This project is jump-starting a neighborhood renaissance that will benefit the local community as well as downtown Phoenix for years to come. Providing 60 units of housing for families earning modest incomes could bring people to this neighborhood who have never been here before,” said District 7 Councilman Michael Nowakowski. “This area is appealing for residential thanks to the artists and merchants who live and work here, and have committed their time and energy to the rebirth of Grand Avenue.”
The owner-developer for the Oasis on Grand Apartments project is Oasis TC LLC, a limited liability corporation formed by the owner, Tom Carmody. The development partners are The Weitz Company, general contractor; Studio Architecture, architect; and Habitat Metro, project management and design. The funding partners are Arizona MultiBank, $1 million; Tom Carmody, The Carmody Companies and principal of OASIS TC LLC, $1.3 million; and city of Phoenix HOME Program Funds, $3 million. HOME is the largest federal block grant to state and local governments, designed to strengthen partnerships among all levels of government and the private sector in developing affordable housing.
“The city is pleased to support the revitalization of this area previously begun by the arts community and keep the momentum moving forward,” said city of Phoenix Housing Director Kim Dorney. “The adaptive reuse of a vacant motel for affordable housing will provid