The Centerpoint development in Tempe has been sold to Zaremba Group, which plans to turn the two towers into a new 375-apartment complex called West Sixth, according to a news release.
Located at 111 West 6th Street, the apartments will offer "an obtainable, sophisticated lifestyle" in the Tempe rental market, the release said.
The 22-story residential tower will be ready for residents by Aug. 1, and will include mixed-use retail and restaurant space on the ground floor. The 30-story residential tower will be completed by December.
West Sixth will have a 9,000-square feet fitness facility, including a yoga studio, tanning beds and lounge. The resort-style pool area will feature cabanas, fire pits and a barbeque area. Rental pricing is not yet available.
Zaremba Group is a national real estate development firm based in Cleveland, Ohio.