Tonight’s Armory Park Neighborhood Association meeting:
Ron Schwabe of Peach Properties discussed plans for the former Armory Park Apartments, now that all the seniors have been relocated to the Sentinel Plaza Apartments on Congress Street, west of I-10.
The approximately 140 apartments are primarily studios, with a handful of one-bedroom units. The target demographic would be market rate, meaning mostly adults rather than students. It is to be medium upscale, in the $500 to $600 range. Peach Properties would be developing the site in partnership with Holualoa Companies, a Tucson-based Real Estate investment and development firm.
Serious concerns were raised by nearby neighbors about adequate parking at the complex. Mr. Schwabe and Holualoa asset manager–and former AP Neighborhood resident–Anne Lawrence said that they would secure more than 50 parking spaces for residents.
Another point of contention was the plan to construct a small swimming pool on the south side of the complex, carving out a portion of the current parking lot. Neighbors worried about noise from pool parties, particularly in light of the recent debacle at The District student apartments at 6th Street and 4th Avenue. Mr. Schwabe replied that the resident mix would be far different, and that adequate security would be in place, along with enforced pool hours.
The complex is now under contract to the partners, with ownership expected to be complete in November. Renovation is expect to begin soon after.