Ambassador West Development

The City of Phoenix is seeking creative concepts for the redevelopment of the Ambassador West Apartments, located at 345 North 5th Avenue, Phoenix, AZ 85003. The goal is to develop a visionary and transformative multifamily rental housing project that contributes to a thriving community. The project should include a mix of affordable, workforce, and market-rate housing, with a minimum of 50% of the total units being offered at 80% AMI and below. The City is looking for input on the feasibility and potential of a mixed-income, mixed-use development, as well as suggestions on the terms of a ground lease. • The project should be located on a 2.13-acre site in Downtown Phoenix. • The City is seeking to address a critical need for affordable and mixed-income housing in Phoenix. • The project should include a relocation plan for the existing residents of Ambassador West Apartments. • The City is open to considering unique partnerships and funding sources. • The project should reflect a creative approach to meeting the needs of the community and city goals.