Aspirant Development Celebrates Grand Opening of The Stewart

Luxury High-Rise Building Brings 312 Apartments to Historic Site in Downtown Phoenix

SCOTTSDALE, ARIZ. – Aspirant Development, a leading residential and commercial real estate developer based in Scottsdale, Ariz., celebrated the grand opening of The Stewart, a 19-story, 312-unit luxury apartment and mixed-use building in downtown Phoenix on Thursday, May 22. 

The Stewart

The event was attended by representatives from Aspirant along with a host of local dignitaries, including Phoenix Director of Community and Economic Development Christine Mackay, the family of the building namesake, the Stewarts, new residents, community members and project executives. At sunset, guests gathered on the 18th-floor rooftop pool deck to toast to the building’s completion.

“I am humbled by the fact that you’ve decided to make The Stewart your home,” said Partner of Aspirant Development Geoffrey Jacobs, addressing the two dozen new residents who had moved into The Stewart prior to the grand opening. “Delivering a project like this to downtown Phoenix is something I’ve been working on for over four years. I appreciate my partners’ belief and support in the idea and vision for The Stewart. This type of project, which was unprecedented when we broke ground, is not easy to build, but it came together and worked out better than I envisioned.  I couldn’t be prouder of what this team has accomplished.”

The Stewart is the first ever high-rise apartment building constructed in the city of Phoenix and was built on a site that formerly housed the Circles Records & Tapes building and was originally occupied by The Stewart Motor Company, a Studebaker dealership, in 1947.

The building incorporates many architectural details from its former purposes, including the showroom turntable, where Studebaker cars were displayed and rotated in the semi-circular window. With its blend of historic and modern touches, extensive amenities, and claim to fame as the tallest residential building on Roosevelt Row, The Stewart provides a distinctive lifestyle experience for discerning residents in the center of dynamic downtown Phoenix.

The Stewart’s general contractor is UEB Builders and it was designed by CCBG Architects. Samantha Spidell of Avenue5 Residential, a Seattle-based multifamily property management firm with a local operations office in Phoenix, is leading the management team at The Stewart.

“Our residents love the unique urban high-rise lifestyle they can get at The Stewart,” Spidell said. “They have an exciting opportunity to play a role in the evolving identity of the growing, vibrant downtown Phoenix they now call home.”

The Stewart is a pet-friendly property featuring modern studio, one- and two-bedroom apartments for rent, with 24 unique floor plans ranging from 477 to 1,899 square feet. The monthly rent is between $1,400 and $4,500, depending on floorplan. Apartment homes at The Stewart feature distinctive amenities including expansive private balconies, the latest “smart home” options, abundant closet space, front-loading in-home washers and dryers, contemporary custom-wood cabinetry, quartz countertops, under-cabinet lighting, lofty nine- to 11-foot ceilings, and energy-efficient windows. Residents of The Stewart will enjoy access to an on-site concierge, an eighth-floor 24-hour fitness center with open-air sanctuary, gas BBQ grills, entertainment kitchen, bicycle storage and rentals, 24-hour on-demand parcel lockers, resident boardroom, clubroom lounge and garage parking. The property’s shimmering rooftop pool and spa, the highest in Phoenix, will afford breathtaking city and mountain views while providing residents with a refreshing oasis from desert temperatures. Snooze: an AM Eatery will occupy part of the property’s 9,000-square-foot ground floor.

For more information on the luxury rental residences at The Stewart, visit liveatthestewart.com. To learn more about the resident experience at The Stewart, visit the property’s Facebook and Instagram pages.


About Aspirant Development

Headquartered in Scottsdale, AZ, Aspirant Development is recognized as one of the leading and most innovative real estate developers in the Phoenix metropolitan market.  Over the past three decades, Aspirant and its sister company the Empire Group have acquired and/or developed more than 100 properties in over 35 communities with a combined value in excess of $1 billion. The firm specializes in urban infill multifamily and commercial development/redevelopment projects. For more information, visit aspirantdevelopment.com.

About Avenue5 Residential

Avenue5, a multifamily property management services firm, oversees more than 300 properties and 57,000 units in 12 states. The company is headquartered in Seattle, and has offices in Denver, Orange County, Phoenix, Portland, Salt Lake City, San Diego, Spokane, and greater Washington, DC. In addition, Avenue5 has local experts in major markets including Northern California, Reno, Las Vegas, Albuquerque, Colorado Springs, Austin, San Antonio, Dallas, and Baltimore. The firm employs about 1,500 associates nationwide. www.avenue5.com

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