This downtown Tucson hotel is being converted into an apartment complex | subscriber



The Tucson City Center hotel is being converted into an apartment complex. The buildings are being modernized inside and out, the pool area with dog park, fitness room and clubhouse is to be modernized.


Courtesy Sterling Real Estate Partners

Arizona Daily Star

In Tucson’s hip real estate market, a downtown hotel is being converted into an apartment complex.

Scottsdale-based investment firm Sterling Real Estate Partners has acquired the Tucson City Center hotel, 475 N. Granada Ave., and will convert the 278-unit hotel into a 210-unit apartment complex.

The company plans to modernize the interior and exterior of the property originally built in the 1960s, with plans to use excess land for an additional 154 units at a later date, according to a press release.

An existing four-story building on the property also becomes a 96-room hotel operated by Ledgestone Hospitality.

“We are really excited about the business plan and the location of the property. It is a rare, unused 10 acre site adjacent to the historic El Presidio neighborhood, ”said David Zeff, President of Sterling Real Estate Partners.

The apartments will consist of luxurious studio and one-bedroom units of 300 to 700 square meters. The pool area, fitness room, clubhouse, conference room, dog park and outdoor lounge are all to be upgraded, according to the press release.

Although rents will vary by unit type, Sterling aims to “offer low gross rents with luxurious interiors”.

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