Greenstone Partners & ORION Investment Real Estate, as the Exclusive Investment Advisors, is pleased to present the opportunity to acquire the 100% fee-simple interest in 1734 E. Apache Boulevard (the “Property”), a newly entitled land opportunity that was recently approved for a high-density mixed-use development at the corner of Apache Boulevard and McClintock Drive in Tempe, Arizona. The Property’s location adjacent to a Valley Metro station and proximity to downtown Tempe and Arizona State University make it an ideal site for a new multifamily development. The Property consists of four combined parcels totaling 83,849 square feet that were re-zoned to MU-4 (Mixed-Use, High Density) TOD in May 2024. The City of Tempe approved a site plan consisting of 275 dwelling units and approximately 5,000 square feet of commercial uses. In addition to the zoning map amendment, Tempe’s Community Development Department reviewed a Planned Area Development Overlay to establish standards for density, building height, lot coverage, landscape coverage, and parking ratios and completed a Development Plan Review which included site plans, building elevations, and landscape plans. The Phoenix MSA has grown immensely over the last several years, leading to unprecedented housing demand and a boom in housing development. The population is projected to continue growing at a significant rate as single family home prices remain historically high. The Property is located just 1.5 miles from the main campus of Arizona State University. With 86,500 students, ASU is one of the nation’s largest universities by enrollment. Tempe, AZ is a leading destination for major corporations and will continue to thrive as the local universities and cities grow. The Property benefits from significant frontage along McClintock Drive (302 feet) and Apache Boulevard (277 feet). Both McClintock Drive and Apache Boulevard experience high traffic counts, at 64,757 VPD and 31,694, respectively. The Property is ideally located with multiple mass transit options just steps from the site, including the Light Rail station at McClintock and Apache Blvd and Bus #81. This prime location offers residents convenient access to retail destinations such as Tempe Marketplace and Mesa Riverview.