Mixed-Use

Tempe’s ‘The Local’ Introduces a New Level of Premium Living to Valley Residents

The Local

TEMPE, Ariz. (May 30, 2019) Forum Real Estate Group and Valley-based multifamily investment firm Mark-Taylor are proud to announce the newest luxury multifamily community in the heart of Tempe – The Local. This nine-story, 286-unit apartment building will feature above-and-beyond amenities, a marquee location, distinctive design details like unique soundproofing measures, and the area’s newest Whole Foods Market.

The Local

“We’re delighted to deliver such a unique community in the heart of thriving Tempe,” said Kevin Foltz, Managing Director of Development at Forum Real Estate Group, owner and developer of the project. “The innovative design, thoughtful amenities and distinctive architectural elements are just a few of the ways The Local offers a premium multifamily living experience unparalleled in the Valley.”

Residents enjoy an unbeatable location walkable to ASU, Mill Avenue dining and shopping, as well as several the area’s top employers. Plus, with more than 21,000 square feet of five-star amenities – gym and yoga studio overlooking Ash Avenue; fifth floor pool deck with indoor/outdoor bar and music/karaoke lounge; expansive eighth floor clubroom with chef’s kitchen, living room lounge, gaming and a private pub/poker room overlooking University Drive; ninth floor sky lounge with outdoor terrace, and multiple work-from-home suites – there’s no shortage of Instagram-worthy living at The Local.

According to a 2019 Design Survey Report, residents today want better soundproofing in their apartments, so much so that they’re willing to pay a premium for the “silence.” The Local features condo-grade, concrete construction for better floor-to-floor sound control as well as triple-pane windows in units for a more peaceful environment. Most multifamily properties are built with wood slats and thin insulation between floors. The Local is one of the first-of-its-kind in the Valley’s multifamily market to offer that level of noise reduction.

“We’re excited that residents at The Local will be able to experience this new trend in noise reduction in one of the Valley’s most popular locations along with unparalleled amenities and services,” said Mark-Taylor Residential President, John Carlson. “We’re proud to be managing The Local and partnering with a forward-thinking owner and developer willing to invest in what today’s luxury communities look like – top amenities, premium service and prime location.”

The Local is a mixed-use development located in downtown Tempe at University Drive and Ash Avenue offering well-appointed studio, one-, two-, and three-bedroom floor plans with high-end finishes like custom Italian tile kitchen backsplash, quartz countertops, hardwood-style plank flooring, oversized windows with roller shades and a suite of resident services and amenities. The Local is anchored by the region’s newest lifestyle Whole Foods Market, expected to open this fall.


About Forum Real Estate Group

Forum Real Estate Group is a full-service real estate investment firm based in Denver, Colorado. Known for its forward-thinking, branded communities, Forum has invested over $1.8 billion in 56 properties – over 12,000 units – across the country and developed such sought-after communities as Talo, a Scandinavian-inspired luxury community in Golden Valley, MN; Kent Place Residences, a high-end boutique apartment community in Denver’s Cherry Hills neighborhood; Veranda Highpointe, a premium apartment community in Denver, CO, home to the city’s only lazy river; and Pearl Place, a new LEED-Gold rated office complex in Boulder, CO, home to Google’s Boulder campus. For more information on Forum, visit www.forumre.com

About Mark-Taylor

Mark-Taylor invests in, operates and manages more than $2.5 billion in specialized multifamily investment real estate, encompassing more than 50 communities in Arizona and Nevada. The company is ranked nationally as the #1 Best Place to Work in Multifamily by the Best Companies Group, the Top Multifamily Manager in Ranking Arizona, The Top Commercial Developer and Healthiest Employers in the Phoenix Business Journal and is listed among Arizona’s 100 Most Admired Companies. Mark-Taylor’s priority is to create exceptional communities that invite, inspire and feel like home and invests thousands of dollars and volunteer hours annually to improve the communities in which its team members live and work. For more information, visit www.mark-taylor.com.

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