59 Evergreen


Project Details

  • Location: 59th Ave and Evergreen, Glendale
  • Size: 96-units (196 bedrooms)
  • Year Built: 2021-2022
  • Company: Visiquest Properties

Unique Attributes

Infill redevelopment. Combined 70-abandoned townhome lots (since 1974) into a single apartment lot. Purpose built attainable garden style rental community. National Green Building Standards certified. Unique open floor plans comprised primarily of 2 and 3 bedrooms. Smart Home technology package. Package lockers, tot lot, dog park, bike storage, public art. Operations and marketing utilize a deep technology stack. The property was financed with an assumable HUD 221(d)4 non-recourse construction and permanent loan combined with a 3.20% i-rate and 40-year amortization.

59 Evergreen Construction Progress Report 6/25/2021