Affordable housing project underway near downtown Tucson
Sterling Real Estate Partners out of Scottsdale is converting a defunct 1960s-era hotel in downtown Tucson into 212 apartments and adding 154 more on the land. Though all units will be affordable, with rents starting at $950 for studios, the project boasts amenities such as a pool with cabana-style lounges, barbecue area, sand volleyball court, gym, yoga room, business center, game room, coffee bar and dog park. Residents can qualify for units at Presidio Palms with an annual income as low as $29,000. The 10-acre property used to be a Ramada Inn and required a zoning change. Tucson is the state leader in apartment conversions, with projects underway at former hotels, churches and office buildings.