Tempe apartment project, 129-unit Dwell at 5th and Farmer, developed by Holualoa aims to be model for affordable urban development

  • 10/15/2025

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AZCentral

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Key Points
Developing housing at a price that is attainable to people earning between 80% and 120% of the area median income is more common in suburban locations.
In areas like downtown Tempe, acquiring land and providing necessary parking can drive up the cost of development, therefore driving up the asking rents in the final project.
Units at Dwell include two sizes of studios and a one-bedroom option.

Holualoa Companies
Aroon Chinai | Principal, Chief Investment Officer

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