Press Release: Alliance Debuts Broadstone Lincoln & Celebrates Grand Opening at Broadstone Camelback

PHOENIX (Nov. 18, 2013) — Phoenix-based Alliance Residential Company is nearing completion of  Broadstone Lincoln at the high-profile northwest corner of Scottsdale Road and Lincoln Drive. The second of three high-profile apartment projects delivering in the Valley, Broadstone Lincoln opened doors at the end of October and is kicking the lease-up process into high gear. Meanwhile, sister property Broadstone Camelback was the first flagship project completed and recently celebrated with a grand opening affair for residents, Alliance associates, and a variety of vendors, partners and city officials. Rounding out the trifecta, Broadstone Waterfront is fully underway and making strides toward completion in a well-known Scottsdale location.

The three developments are branded under Alliance’s luxury Broadstone collection residence banner. Broadstone properties feature a mix of high-end finishes and amenities, such as upgraded fixtures and stainless-steel appliances, gas cooktops, hard-surface counters, climate-controlled interior corridors, direct-access elevators, underground parking, private garages, state-of-the-art fitness centers, luxurious common areas for entertaining and more. Each community is situated in an urban, walkable location, surrounded by upscale retail and dining. Additionally, the communities are designed for LEED Gold certification and will incorporate green features that reflect Alliance’s commitment to sustainability. ORB Architecture is the architect on all three projects.

Broadstone Lincoln delivered its first phase of units at the end of October — moving in the first resident the day of opening — and anticipates completion in early 2014. This 264-unit community sits on 5.31 acres of land adjacent to the future 110-acre, master-planned Ritz Carlton development and is within two miles of high-end destination shopping centers including The Borgata of Scottsdale and Scottsdale Fashion Square. The community features a mix of high-end finishes and amenities, such as upgraded fixtures and appliances, gas cooktops, hard-surface counters, climate-controlled interior corridors, direct-access elevators, underground parking, private garages, a state-of-the-art fitness center, luxurious common areas for entertaining, and a separate flex studio to coordinate fitness functions and host resident events.

Now 58-percent leased, Broadstone Camelback sits on 4.83 acres of land across from the Biltmore Fashion Park. The 270-unit community features a Frank Lloyd Wright-inspired design, gracious amenities and stunning views. The state-of-the-art fitness and business centers accommodate work and play, while the resort-inspired pool and spa offer relaxing cabanas, and a raised pool patio and lounge area. The property also features a wine room with temperature-controlled resident wine storage, event seating and a bar station, as well as a private resident putting green, an outdoor kitchen, a pet maintenance station and more. Broadstone Camelback offers multi-level floor plans ranging from 650 square feet to 1,100 square feet, including top-floor loft units that feature wood-plank flooring and soaring 19-foot ceiling heights.

The third flagship property, Broadstone Waterfront, broke ground in February 2013. The property sits on 3.35 acres of land that will serve as the final keystone to the successful Scottsdale Waterfront center. The 259-unit community within the heart of downtown Scottsdale sits just south of Scottsdale Fashion Square and adjacent to the Scottsdale Waterfront restaurants, high-rise condominiums and specialty retail stores. The community will offer studio, one-, two- and two-plus-bedroom floor plans, averaging 850+ square feet. Project completion is scheduled for third quarter 2014.

The three Broadstone developments are in premier locations and are designed to appeal to professionals who are renters-by-choice, and desire to live in locations with easy access to office space as well as upscale shopping, dining and entertainment options.

For more information, visit www.broadstonelincoln.com, www.broadstonecamelback.com and www.broadstonewaterfront.com.

Company Information: Alliance Residential Company

Alliance Residential is a fully integrated multifamily real estate operating company focused on the development, acquisition, construction and management of residential and mixed-use communities in the United States. Headquartered in Phoenix, Alliance has 26 regional offices divided among six regions throughout the U.S. Over the past 13 years, Alliance has become one of the largest private apartment owners and the 10th largest management company in the nation, boasting a $8.0+ billion portfolio and 63,000 units in 24 metropolitan markets. Alliance has a presence in 15 states (including Arizona, California, Colorado, Florida, Georgia, Nevada, New Mexico, New York, North Carolina, South Carolina, Oregon, Texas, Utah, Virginia and Washington) and is actively seeking management, development and acquisitions opportunities across the markets it serves.