AVE Phoenix Terra

555 North Fifth Avenue, Phoenix, AZ 85003
AVE Phoenix Terra is a state-of-the-art, rental community acquired by Korman Communities in 2022. This one-of-kind, seven-story property was developed in 2021/22 and boasts 348 studio, one-, two-, and three-bedroom luxury apartments and furnished apartments, as well as an unparalleled 60,000 square feet of on-demand business and resort community space, featuring a resort, palm-tree lined sundeck with a sparkling pool and relaxing hot tub, two large courtyards featuring grilling stations, a tranquility fountain, lounge seating, a putting green, and outdoor gaming, an expansive, wraparound patio offering indoor-outdoor bar seating, a fire pit lounge, and spectacular city, valley, and mountain views, a 24/7 multi-zone fitness center featuring cardio, strength, and spin with indoor/outdoor access, a business center with flex workspace and reservable conference room and private work suites, secure, personal, Gigabit WiFi that travels with residents throughout the community, a fully equipped dog wash station, a beverage bar with freshly brewed, bean-to-cup coffee machine and Kombucha station, a resident social lounge with fully equipped, chef-inspired kitchen and dining area, and a mixology lounge with Speakeasy. AVE Phoenix Terra is centrally located in Downtown Phoenix, walking distance to restaurants, shops, and entertainment. It’s also convenient to everything in the region – just 10 minutes from Phoenix Sky Harbor International Airport, 5 minutes from the Light Rail with stops in Downtown Phoenix, Tempe, and Mesa, and less than 5 minutes to I-17 and I-10, which connects with Loop 101, offering an easy commute to Peoria and Paradise Valley.

Units 348
Average Unit Size 771 SF
Net Rentable SF 121,104
Commercial SF 7,000