Construction on the last of a trio of high-rise complexes for students in the heart of the city is now underway.
The Hub, 1011 N. Tyndall Ave., will have 590 bedrooms for rent.
And developers have also started clearing the land on another student-housing project in the historical Iron Horse Neighborhood. The Junction at Iron Horse, 504 E. Ninth St., will have 202 bedrooms.
Both are to open in the fall of 2014.
At 14 stories, The Hub is the third tower on the rise near the University of Arizona south of Park Avenue and Speedway. It will house 590 students.
Level, which will also be 14 stories, will house 586 students in 176 units. It is expected to open this fall.
The tower known as Park Avenue will have 165 units with 393 beds in 13 stories and open in the fall of 2014.
The Hub developers recently took out a $41 million commercial permit. A $12 million permit was also issued for the Iron Horse complex, Tucson permit data show.
Craig Gray, vice president of the Iron Horse Neighborhood Association, said residents worked closely with developers to make changes and preserve the historical feel of the area.
Concessions such as only building four stories, removing balconies that faced residential property, renovation of business signs in the neighborhood and building a basketball court were secured after a series of meetings with the new owners of the property.
Champaign, Ill.-based The Junction at Iron Horse LLC recently sold the vacant land for the project to HRB Tucson LLC of Chicago for $2 million, records from the Pima County Recorder's Office show.
Representatives of the new owners really worked with neighbors, Gray said, and have committed to having someone from the management company attend the monthly homeowners meetings.
"We were all pretty proud of ourselves," Gray said.
Some neighbors are still unhappy with the project, he said, but the decision was out of the neighborhood's hands.
Last year, the city of Tucson created a zoning overlay district to create density along the streetcar line, which permitted developments of up to 14 stories. Previously, the limit was four stories.
The new complexes are the latest student housing project in the city.
The Retreat, on 22nd Street between Park Avenue and Kino Parkway, is fully leased for its fall opening. It has 774 bedrooms.
The Cadence on Congress Street, also scheduled to open this fall, has 465 bedrooms.
Last year's opening of The District on 5th was the city's first private student-housing project in more than seven years.
DID YOU KNOW?
Developed beginning in 1890, Iron Horse is a recognized historic district located east of Fourth Avenue and north of Broadway. "In order to follow the 'one mile rule' established by the Southern Pacific Railroad, numerous railroad employees lived in this district in order to hear the whistle blow, calling them to work," the city of Tucson notes in its online guide to historic neighborhoods.
Contact reporter Gabriela Rico at email@example.com or 573-4232.