Marquee

PHOENIX, ARIZONA

Goal: Redevelop a dilapidated building in an excellent urban location to address the void of transit-oriented affordable housing for seniors, while preserving the architectural character and providing walkable access to downtown Phoenix.

Located in the Roosevelt Row Arts District of downtown Phoenix, the Marquee offers 34 units of affordable housing for low-income senior residents, earning between 40% and 60% of the Area Median Income (AMI). The thoughtful renovation preserved the property’s mid-century architectural charm, bringing much-needed senior housing to an urban environment where such options are typically scarce. Most senior housing in the greater Phoenix area is located in remote or suburban settings, making the Marquee a rare and valuable addition to the downtown housing landscape.

As downtown Phoenix experienced a resurgence of business and cultural activity, the Marquee’s redevelopment ensured that low-income seniors could live amidst the vibrant energy and benefit from the walkable access to amenities and services.

Amenities include a pool, an outdoor dining and barbecue area, and a community room equipped with computers. Resident services focus on health, wellness, financial literacy, and fostering social connections through community-building activities.

DEVELOPMENT

The Marquee was one of the first two projects that CDP secured funding for in 2012—its inaugural year. A soft real estate market in Phoenix enabled the acquisition, allowing CDP the necessary time to prepare and submit a 9% Low Income Housing Tax Credit (LIHTC) application to the Arizona Department of Housing. As CDP’s first project in Arizona, its first 9% LIHTC application, and its first renovation effort, the Marquee marked a significant milestone in the company’s early development journey.

DATA
  • Completion Date: 2013
  • Total Development Cost: $4.5M
  • Affordability: 40% - 60% AMI
  • Total Units: 34
  • Unit Mix: 34 1BD
  • Sustainability: ADOH Prescriptive Path
TEAM
  • Developer: CDP
  • Architect: Anderson Architects
  • Contractor: Adolfson Peterson
  • Property Management: MEB Management
WEBSITE