Trillium Pinnacle Peak Boasts 724-Apartment Homes and 11,000 Square Foot Great Room
TEMPE, Ariz. - (September 2, 2008) Trillium Residential, LLC, a developer and manager of award-winning, luxury multi-family communities, announces the opening today of Trillium Pinnacle Peak, a class A 724-unit garden-style apartment community located on 30-acres at 24250 North 23rd Avenue, Phoenix, Ariz. Trillium Pinnacle Peak is the largest community to open in Phoenix in over two decades according to RealData Inc.
“Truly living up to its name,” says Lesa LaRocca, president of Trillium Residential, “This community is the pinnacle of design and architecture with unprecedented amenities and services. Even as the largest community to hit the Phoenix market in two decades, Trillium Pinnacle Peak is infused with the same boutique hotel inspired experiences that our communities have grown a reputation for in the Phoenix metropolitan area.”
Trillium Pinnacle Peak showcases an over 11,000 square foot “Great Room,” Trillium’s signature resident luxury clubhouse, that includes a professional Chef’s Demonstration Kitchen with stainless steel Wolf and Viking appliances and hand-selected granite, as well as guest chef appearances so residents may enjoy culinary events such as studio dining, cooking lessons and sushi rolling starting early next year. The community also hosts complimentary classes for residents at Trillium’s inaugural Spinning Room and its Yoga & Pilates Studio. Other notable features at the Great Room include the Spa for massages and facials, 27-seat private Trillium Cinema with 120” screen and Dolby surround-sound stereo and, named for its tech savvy lounge-style setting, the Electronic Lounge is complete with flat screen televisions and popular gaming systems such as Xbox, Nintendo Wii™ and PlayStation®.
“In addition to its design and amenities,” comments David Dewar, principal of Trillium Residential, “We anticipate high demand for this apartment community because, quite simply, of the market demand. This area currently has 44,500 jobs and is expecting at least 32,000 additional jobs within 15 years. We strategically selected this location after finding that the Pinnacle Peak submarket has the infrastructure to support and sustain one of the strongest business and residential corridors in Phoenix.”
Within five miles of Trillium Pinnacle Peak, major employers include highly reputable companies such as Honeywell, American Express, USAA Insurance, the headquarters for PETsMart and Best Western, as well as one of the largest medical facilities in the metropolitan area, John C. Lincoln Hospital.
Trillium Pinnacle Peak’s clientele demographic runs the gamut from professionals, families, students, Gen X and Yers to Boomers. According to Trillium’s findings, residents utilize their signature Great Room’s with an average of over 3,000 resident visits per community per month that has effectually helped to diminish annualized resident turnover across Trillium’s entire apartment portfolio from 70 to 52 percent from 2007-08.
At the helm of the community is seasoned Community Director Dee Dahl with nearly 20 years of experience in the real estate industry. Dahl began her career in residential property management which evolved into commercial property management for one of the largest developers in the Sacramento area. LaRocca comments, “We wouldn’t settle for anyone without Dee’s level of caliber to oversee, program and animate Trillium Pinnacle Peak. Her dynamic experience and the synergy she creates amongst her team will pour into the resident’s exceptional experiences and will certainly catapult the demand for this sophisticated apartment community in the market.”
In addition to the Great Room, other key features of Trillium Pinnacle Peak are the outdoor amenities that include two resort-style pools with poolside towel service, stainless steel built-in barbecue kitchens, Water Playground with water cannons, private “Zen Garden” courtyard with lush landscaping and a Gated Guard House at the entrance manned to greet residents by name upon entering and to offer conveniences such as dry cleaning and package pick ups.
Trillium Pinnacle Peak offers a high-end apartment community to the burgeoning Pinnacle Peak submarket that is experiencing an influx of people, jobs and retail. The community is in walking distance to the recently opened 300,000 square-foot Shops at Norterra and a short drive to other retail hubs such as Desert Ridge Marketplace, Arrowhead Towne Center and ScottsdaleOne. Right off of Interstate 17, and between Loop 101 and Carefree Highway 74, the community has easy connections to SR-51, Loop 303 and is only 25 minutes north of downtown Phoenix.
Trillium Pinnacle Peak offers one, two- and three-bedroom floor plans ranging from 746 to 1,497 square feet with oversized patios and balconies with expansive common area views. Floor plans offer dining rooms, spacious walk-in closets, kitchens with entertaining islands, as well as high-end features such as GE appliances, wood replicated flooring, raised panel cabinetry and 7” deep sinks. For more information, please contact Andrea Kalmanovitz, Director of Public Relations for Trillium Residential, at 480.294.6300 or visit the Web site at www.trilliumresidential.com.
About Trillium Residential, LLC
Headquartered in Tempe, Ariz., Trillium Residential is a builder and manager of class A luxury, mixed-use urban and garden-style multi-family communities with a growth plan focused in the Phoenix metropolitan area. Trillium is distinguished in the multi-housing industry nationally for its integration of boutique hotel-inspired design and management elements.
As an integrated real estate company, Trillium combines development, construction, finance and property management disciplines under one roof, creating the cohesive environment needed to provide high-quality rental housing. The principals of Trillium Residential, David Dewar, Ken Losch and Jamie Dawson, represent more than 60 years of combined real-estate experience in the acquisition, finance, construction, architecture and design of projects throughout the multi-family, mixed-use high-density condominium, commercial and fractional industries in Canada and the United States. For more information about Trillium Residential and its properties, call 480.294.6300 or visit the Web site at www.trilliumresidential.com.
