The first phase of Flagstaff’s newest luxury apartment complex is open and already has 18 tenants.
The Village at Aspen Place on Piccadilly Drive, located behind the Wildflower Bread Company, opened the doors on its first phase of apartments about two weeks ago, said Steve Coon, a principal in EPC Real Estate. EPC is working with RED Development and Van Trust Real Estate to build the apartment portion of the mixed-use building.
The finished building will include 222 luxury apartments and 33,000 square feet of retail space on the ground floor, said Leigh Horine, the assistant manager at the Village. The building is being finished in four phases; the next phase of 55 apartments is expected to be finished before the end of the month.
The apartments range in size from 553-square-foot studios to 1,592-square-foot, two-bedroom, two-bath and a den apartments, she said. There are a total of 26 different floor plans that tenants can choose from. Rent varies depending on the size of the apartment and ranges from $1,295 to $2,695 a month, Horine said. Leases can range from three months to 18 months or more.
The apartments are not geared toward any specific group of tenants, Horine and Coon said.
“I think we have a good mix of students, grad students, employees from Gore, empty-nesters and people looking for a vacation rental,” Coon said.
Coon said the Village was designed as a market-rate apartment complex, so there are no apartments that have been set aside for the city of Flagstaff’s affordable housing program.
The apartments include granite countertops, full-size washers and dryers, balconies or patios, simulated wood plank floors and oversize closets. Residents have the use of a locked parking garage with their own parking space, a guest suite, a clubhouse, a fitness center, a bike and ski repair workshop, and a dog wash room.
There are also two outdoor courtyards that have grills and eating areas. One courtyard includes a pool and the other has a Jacuzzi.
The Village offers a personal trainer, a massage therapist, package delivery and grocery delivery from Sprouts. Residents who don’t have a car or don’t want to use their car can get a free taxi ride to one of five locations around town, including the Flagstaff Mall and downtown.
The apartment complex is pretty close to The Grove Apartments on Windsor Lane, but Coon and Horine said they have not had any complaints about the students from residents of the Village.
“We have a security guard that patrols the complex afterhours and security cameras,” Horine said. Access to the residential part of the building, courtyards, fitness center and garage requires a key fob, she said. The complex has also been in touch with Flagstaff Police Department.
The retail shops on the ground floor are nearly fleshed out, according to Brett Heron, the executive vice president of RED Development. The 33,000 square feet of retail should be able to serve eight to 10 new shops depending on how large a store front each shop wants.
Heron said the company has several letters of intent from a mix of local and national shops but declined to name any companies because only one lease contract has been signed. That lease contract is for Grimaldi’s Pizza from Brooklyn, N.Y.
Aspen Place at Sawmill has new business tenants coming, Heron said. Dutch Bros. Coffee and Esenem Yoga will be moving in soon.
Charming Charlie, a clothing accessory shop, just opened and Seasoned Kitchen recently reopened its doors at Aspen Place, he said.
“This project is a true mixed-use development,” Coon said. “It shows that you can have high-density residential with retail. We’re creating a lifestyle where you can live, work and play in close proximity.”