Cabana on Thomas
Cabana on ThomasPhoenix, Arizona
Deco Communities purchased a 1960’s apartment complex in an “A” location and wanted to breathe new life back into this once desirable place to live. Scope included a comprehensive property repositioning plan inclusive of exterior paint schemes, signage, graphic and cultural brand elements. Public spaces included: leasing office, leasing displays, club house, models, branded laundries, fitness center, as well as, exterior commons spaces, and signature cabanas. The challenges were to transform the property on a minimal budget and reuse as much of the existing architecture as possible.
The overall vision of the property was strongly influenced by international fashion trends, national art and design, with a focus on the local community. The designers pulled in unique vintage pieces from neighborhood stores, one of a kind art, and hired a local artist to create exterior murals as public art. The combination of each of these elements resulted in the unique look.
3rd property repositioned under the Cabana brand for Deco Communities
Developer: Deco Communities
Purchased: $ 23,649 per unit, in April 2012
Rehab Budget: $ 6 million
Sold: $ 63,743 per unit, in May 2015
1st Place, Adaptive Use, ASID- American Society of Interior Designers
Arizona State University’s Masters of Real Estate Development has selected Cabana on Thomas as an exemplar of a successful adaptive reuse project.
AZ Big Media, “Cabana on Thomas Wins Top Design Award from ASID”
Phoenix Business Journal, “Real Estate: Deco Communities buys, Rehabs Two Properties”