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11/19/25
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High Street Residential, along with joint venture partners Mar-Gulf Management Inc and MDI Capital LLC, have broken ground on Union Park Residences in Phoenix’s Norterra master-planned development. The 308-unit, four-story, Class A community will sit on eight acres and is expected to be completed by the fourth quarter of 2027.
Located at 2215 W. Union St in northern Phoenix, Union Park Residences will include studios, one- and two-bedroom units ranging from 600 sf to 1.4k sf. The high-end, contemporary unit finishes will include premium cabinets, large kitchen islands with quartz countertops, tile backsplashes, stainless steel appliances, and tiled shower and tub surrounds. The expansive community amenities will include a pool, spa, fitness center with a sauna and cold plunge, spacious coworking area, pet spa, dog run, club room, and game lounge.
Union Park Residences will be situated in the heart of Norterra, a vibrant master-planned community renowned for its blend of modern suburban living, charming streetscapes, and walkable retail. Located within one of Phoenix’s most dynamic growth corridors, the area spans nearly 400 acres and features a mix of over 1,000 homes, apartments, and 250k sf of commercial and office space. Adjacent to Union Park Residences will be a new 45k sf, two-phase retail development from Affinius and RED Development. Tenants within the retail center include Shake Shack, Cava, First Watch, Paris Baguette, and Firebird’s Wood Fired Grill.
ESG Architects designed the project, and Ironmark Builders will serve as the general contractor. Mar-Gulf Management Inc and MDI Capital are international real estate subsidiaries of Kuwait Financial Centre.
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