Corporate Housing Providers Association - CHPACorporate Housing Providers Association - CHPAPhoenix, AZ – Korman Communities, in partnership with RXR, have announced a new property in the Phoenix market, AVE Paradise Valley (12400 North Tatum Boulevard). The brand new, professionally managed, mid-rise residential property boasts 400 flexible-stay, fully furnished apartments and traditional luxury apartment rentals, along with 36,200 square feet of indoor and outdoor amenity space, located within the newly reimagined, 100-plus-acre Paradise Valley Mall development close to North Scottsdale.
“Following the success of our communities in Downtown Phoenix – AVE Terra and AVE Sky – we are eager to expand our inventory and increase our Arizona footprint with the addition of AVE Paradise Valley. This expansion is a natural progression for us, especially given the significant economic growth in the state over the past 10 years,” said Lea Anne Welsh, President of AVE and COO of Korman Communities. “We are thrilled to be able to continue to be more of a solution for our corporate housing partners in Greater Phoenix, delivering strong hospitality and a quality, flexible living experience.”
AVE is a pioneer in flexible living. Its furnished apartment solution dates back six decades when then founder Steven H. Korman recognized the need for options between the traditional apartment rental and an extended hotel stay. Since, AVE has been committed to redefining how people live through its flexible offerings, on-demand amenities, and high-touch service. All furnished apartments at AVE Paradise Valley include a custom furniture package, a fully accessorized kitchen, a washer and dryer in residence, a linen package, and all utilities.
“We have been a trusted solution for the corporate housing industry for decades, delivering a comfortable, flexible place for traveling professionals to stay for 30 days or more,” says Welsh. “They just need to bring their suitcase – we’ll take care of the rest!”
All residents enjoy complimentary access to on-demand wellness and resort amenities. Highlights include a high-touch, dedicated service team, dazzling resort-style swimming pool, full-service, on-site bar, state-of-the-art fitness center, pet parlor with spa, lounge and dog park, electric vehicle charging stations, and several outdoor courtyards with firepit lounges. Residents will also enjoy direct access to an on-site Whole Foods, as well as a plethora of walkable shopping and dining destinations, such as Sephora, Flower Child, Federal Pizza, Blanco Cocina + Cantina, and Trevor’s Liquor, plus three acres of open space with landscaped pathways.
The property is conveniently located 10 minutes away from Scottsdale Airpark and 25 minutes from Phoenix Sky Harbor International Airport. Residents also have easy access to high-end shopping, dining, golf courses, hiking, biking, art and sports, all within 30 minutes or less of the building by car.
About AVE and Korman Communities
Korman Communities is a fully integrated, fifth-generation, 100-year-old real estate investment and property management company with nearly 40 properties across the United States and London. AVE specializes in elevated apartment living for discerning renters and individuals seeking a flexible living solution for business or personal lifestyle. AVE conveniently offers traditional unfurnished apartments along with fully furnished apartments with flexible lease options. Each community features a dedicated service team and unparalleled business, wellness, and entertainment amenities such as flex workspaces with gigabit Wi-Fi; resort pools; firepit lounges; 24-hour, state-of-the-art fitness centers; wellness classes; bike share; tranquility gardens; pet spas and parks; media theaters; and outdoor gaming and recreation. Ranked the No. 1 property management company in the U.S. based on renter satisfaction in 2023 and 2024, AVE provides comfort and seamless living for those who want to LIVE BETTER®. www.aveliving.com.
Coming soon: AVE Hamilton Green (White Plains, NY: Winter 2024-2025); AVE Santa Clara (California: Winter 2024); AVE Navy Yard (Philadelphia, PA: Summer 2025).
About RXR
RXR is an innovative real estate investment manager, operator, developer, and place-maker committed to applying a customer and community-centered approach to acquiring, operating, and building properties and to providing services and products that create enduring value for all stakeholders. Headquartered in New York with a nationally scaled platform, RXR is an approximately 450-person, vertically integrated investment manager with expertise in a wide array of value creation activities, including acquisitions, asset and portfolio management, property operations, development, construction, leasing, and technological innovation. RXR is an active investor in real estate credit, rental housing, commercial property, and property technology through value-added and opportunistic investment strategies. The RXR platform manages 107 commercial real estate properties and investments with an aggregate gross asset value of approximately $17.1 billion, comprising approximately 30.5 million square feet of commercial properties, a multi-family residential portfolio of approximately 9,800 units under operation or development, and control of development rights for an additional approximately 3,000 multi-family and for sale units as of June 30, 2024. Gross asset value compiled by RXR in accordance with company fair value measurement policy and is comprised of capital invested by RXR and its partners, as well as leverage.