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MULTIFAMILY NEWS
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New Tempe Res Development 50% Leased at Completion

10/04/23

High Street Residential (HSR), the residential subsidiary of Trammell Crow Company, has completed construction on Smith & Rio, a 310-unit residential community in Tempe, AZ. Located in Tempe’s vibrant downtown, just south of the Loop 202 and west of the Loop 101 freeways, the five-story property’s mix of studio, one-, one-plus-den, and two-bedroom units are already more than halfway leased.

Smith & Rio offers residents a luxury living experience, with a curated collection of sought-after amenities that include a fifth-floor sky lounge; two outdoor courtyards; a dog park and a pet lounge; a large work-from-home area that includes ample individual workspaces; a resort-style pool and spa; a state-of-the-art fitness center; a fully amenitized clubhouse with multiple lounge and seating areas, a fireplace, and a demonstration kitchen; and water features throughout the outdoor spaces.

Located at 1979 East Rio Salado Pkwy, Smith & Rio is positioned walking distance from Tempe Marketplace and is near major tech employers, multiple outdoor walking and biking paths, as well as other popular dining and entertainment options in Tempe. The community is a 20-minute drive to Downtown Phoenix and 10 minutes from Phoenix Sky Harbor International Airport.












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