Phoenix, AZ
HSR-led JV Announces Plans for Class-A Multifamily Community in Scottsdale
July 29, 2025
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Global Head of Communications
High Street Residential (HSR), the residential subsidiary of Trammell Crow Company, announced plans for Shea Residences, a three-story, 189-unit Class-A multifamily development in Scottsdale, Arizona, to be developed with JV partner MetLife Investment Management (MIM). The project is expected to break ground in September 2025 with completion slated for late 2027.
Shea Residences will redevelop a portion of the Block 7000 commercial center, located at 7000 E. Shea Blvd. Positioned on 2.95 acres, the project will include studio, one-, and two-bedroom units with unit sizes ranging from 616 to 1,300 square feet. Units will feature luxury finishes and superior amenities such as premium cabinets, expansive kitchen islands with quartz countertops and islands, wine fridges, tile backsplashes, stainless steel and Energy Star-certified appliances, tiled shower and tub surrounds, and mountain views. Residents will also enjoy exceptionally well-designed community amenities, including a resort-style pool and spa, two open-air courtyards, fitness center with sauna and cold plunge, co-working lounge, pet spa, dog park, and a well-appointed club room.
Located in the heart of Central Scottsdale, occupants of Shea Residences will be within walking distance of dozens of retail and restaurant options. The project was well received by the city of Scottsdale, garnering a rare 7-0 vote for approval by the city council. In addition to Shea Residences, HSR is currently building another multifamily project in Central Scottsdale off of Gold Dust Avenue.
“This area of Scottsdale continues to be a compelling location for well-designed, high-quality rental housing with a proximity to fantastic schools, healthcare facilities, and retail,” said Nate Stum, a Senior Vice President with TCC Phoenix. “We look forward to making another sizable investment in the city that will enhance the area and provide a much-needed housing option for central Scottsdale residents.”
The project has been designed by ESG Architects, and Brinkmann Constructors will serve as the general contractor.
Trammell Crow Company
Trammell Crow Company (TCC) is a leading commercial real estate developer and wholly-owned subsidiary of CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas. Founded in 1948, TCC has developed or acquired 3,000 buildings valued at $90 billion spanning more than 700 million square feet. As of March 31, 2026, TCC had nearly $30 billion of projects in process or its pipeline. With approximately 465 employees throughout the United States and Europe in 26 offices, the company serves users of and investors in office, industrial/logistics, healthcare, life science, data center, mixed-use, and multifamily projects through its residential subsidiary, High Street Residential. For more information visit www.TrammellCrow.com.
High Street Residential
High Street Residential, the residential subsidiary of Trammell Crow Company, specializes in the development of multifamily housing. We have a deep background in urban, infill mixed-use residential development, and the redevelopment or repurposing of existing facilities. The firm has approximately 14,000 units in process or in its pipeline. In the last 19 years, the firm has completed approximately 18,500 units valued at nearly $5.7 billion. For more information, visit www.highstreetresidential.com.