What’s being built near The Van Buren in downtown Phoenix?

Article originally posted on AZ Central on May 27, 2025

Location: At 502 W. Van Buren Street, on the north side of the block, between Fifth and Sixth avenues in downtown Phoenix.

Description: Toll Brothers Apartment Living, the multi-family arm of the national homebuilder, is constructing a seven-story, 313-unit luxury apartment complex called the Henri.

The mid-rise rental community will comprise a mix of studio, one- and two-bedroom floor plans. According to the company, the units will feature spacious open floor plans and include stainless steel appliances, quartz kitchen and bathroom counters, wood-style flooring and smart-home features like keyless locks, among other things.

Toll Brothers boasts that there will be more than 36,000 square feet of indoor and outdoor amenity space. That includes a resident lounge, a chef demonstration kitchen and dining spaces, a fitness center, coworking areas, a club and game room, a library and study room, a resident bar, a resort-style pool and courtyard, and a rooftop deck.

Pet-friendly amenities and a 455-space parking garage, with electric-vehicle charging stations, will also be included.

The company is using a $65 million construction loan to finance the project on the 2.32-acre site.

History: Toll Brothers kicked off construction in July 2023.

When will the work be done? According to the company, the apartment complex is expected to open by this fall.