1401 N 3rd St
Phoenix, AZ 85004
The Lofts on 3rd · Multifamily Property For Sale · 26 Units

PROXIMITY TO ROOSEVELT ROW (RoRo) Roosevelt Row Arts District is home to award- winning art galleries, renowned artists, hip restaurants, and a vibrant urban culture. Roosevelt Row is one of the most Instagrammed art spaces in the US. The districts monthly First Friday’s event is one of the nation’s largest, self guided art walks and has been highlighted by USA Today as “The Top 10 Arts Districts in the US.” The property is surrounded by crafty cocktail lounges to trendy restaurants such as The Vig Fillmore, Cibo, PAZ Cantina, Match Restaurant & Lounge (@ Foundry), FEZ, Matt’s Big Breakfast, Angel’s Trumpet Ale House, Cobra Arcade Bar, and The Grand. PROXIMITY TO DOWNTOWN PHOENIX Gateway Towers is located in the booming Downtown Phoenix submarket which boasts the highest concentration of employment in the state with approximately 120,000 employees and more than 20 million square feet of office space. More than $4 billion has been newly invested in office space, retail, restaurants, educational facilities, convention space, and hotel rooms in the downtown area, with prominent employers including the City of Phoenix, Maricopa County, the State of Arizona, Wells Fargo, Bank of America, Ernst & Young, United Healthcare, Cigna Healthcare. PHOENIX BIOMEDICAL CAMPUS The Phoenix Biomedical Campus (PBC) is host to biomedical research activities with the highest concentration of research scientists and complementary research professionals in the region. PBC also provides a chance for collaborative efforts with firms and institutions, including all three state universities, working together to advance healthcare through academic programs that prepare future healthcare professionals. The economic impact of the PBC is around $1.3 Billion with a projected impact to reach $3.1 Billion by 2025. The 30-acre campus consists currently of 7 buildings with the next development to be Phase 1 of ASU’s Health Solutions Center, a 200,000 square foot facility that will be completed in 2019. ASU - DOWNTOWN The ASU Downtown campus joins student life with an urban lifestyle in the heart of Phoenix. Fulfilling a compelling vision for a transformational student experience for the more than 11,500 students enrolled, the campus integrates research, classroom learning and real-world problem-solving in high-tech facilities that make the most of the location and the city’s vibrant neighborhoods and culture. Arizona State University’s Downtown Phoenix campus is home to the Walter Cronkite School of Journalism and Mass Communication, the College of Health Solutions, the College of Nursing and Health Innovation, the College of Public Programs and the School of Letters and Sciences. The Sandra Day O’Connor College of Law recently opened in a six-story, $120 million building. PROXIMITY TO LIGHT RAIL The light rail station on Central Avenue is a short 3 minute walk from Gateway Towers. The light rail provides rapid access to Downtown Phoenix, Sky Harbor International Airport, Downtown Tempe, and the Central Corridor. Over 14 million riders use this transportation, making it the 12th busiest light rail in the country. HANCE PARK Nearby is the Margaret T. Hance Park, a 32 acre "deck" park over the I-10 freeway that is home to the Japanese Friendship garden, Irish Cultural Center, McClelland Irish Library, Phoenix Center for the Arts, and Burton Barr Central Library. The slated $118 million dollar renovation includes general renovation and redevelopment plans to add an amphitheater, skate park and splash pad. ARTS & CULTURE Within walking distance of the community is the Phoenix Arts Museum and Heard Museum. The Phoenix Art Museum is the largest art museum for visual art in the Southwest. This 285,000 sf museum displays international exhibitions alongside its comprehensive collection of more than 18,000 works of American, Asian, European, Latin American, Western American, modern and contemporary art, and fashion design. The Heard Museum mission is to educate the public about the heritage and the living cultures and arts of Native peoples, with emphasis on the peoples of the Southwest. The Heard museum is not a history museum, it is a living museum featuring both artifacts and contemporary art of Native cultures.