HSL Completes Encantada at Riverside Crossing Apartments

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HSL Properties announces the completion of Encantada at Riverside Crossing, a 304-unit, luxury apartment community

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HSL Properties is pleased to announce the completion of Encantada at Riverside Crossing, a 304-unit, luxury apartment community located at 1925 W. River Road. With the final installation of its one-acre Encantada Dog Ranch amenity, the property marked its completion the second week of July. The $32 million project, which includes a 69,000 gallon resort-style pool & spa, a 27-seat, stadium-style THX certified theatre, professional fitness center and Starbucks coffee bar, was completed in 18 months and is already 90 percent leased. It employed 63 sub-contractor companies during its planning and construction, of which 53 were Tucson companies. The project paid out approximately $22 million to local contractors, and it took an estimated 45,000 work hours to complete.

HSL Properties plans to break ground on Encantada at Dove Mountain, a 272-unit, $29 million project, by the first week of August. Additionally, it plans to commence construction on Encantada at Steam Pump Ranch, a 288-unit, $30 million project, in the fourth quarter 2012.

HSL Properties is committed to building top-quality, amenity-rich residential communities while giving bidding preference to local contractors.

Encantada at Riverside Crossing by the Numbers

  •     Total project cost: $32 million
  •     Square feet of buildings: Approximately 300,000
  •     Total number of contractor companies used during planning and construction: 63
  •     Number of local contractor companies used: 53
  •     Economic impact to local contractor companies: Approximately $22 million
  •     Total employees who worked on the project: 296
  •     Average daily employment on site during construction: 78
  •     Total work hours: Estimated at 45,000
  •     Taxes and impact fees paid: Approximately $2.9 million
  •     Copper wire: 1 million linear feet installed
  •     Stucco: 500,000 square feet applied

About HSL Properties
Formed in 1975, HSL Properties currently owns and operates four hotels and over 10,000 apartment units in 40 apartment communities throughout Arizona. It is the largest apartment community owner in the state. Visit http://www.hslproperties.com for more information.

MEDIA CONTACTS:

Diego Romero
McFadden/Gavender
O: (520) 882-6262
M: (520) 401-1693
diego(at)mcfaddengavender.com

Karen Gavender
McFadden/Gavender
O: (520) 882-6262
M: (520) 603-4200

karen(at)mcfaddengavender.com

Website
http://www.hslproperties.com

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Diego Romero
McFadden/Gavender
520.882.6262
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