Central & Olympic

TBBG Investments assembled and re-entitled Central & Olympic, a 2.75-acre infill development site located on Central Avenue in South Phoenix, Arizona.

The project involved the acquisition and aggregation of multiple parcels, followed by a successful re-entitlement process to allow for the development of a 55-unit multifamily community.

The site is strategically located just south of the future South Central Light Rail extension, positioning it to benefit from significant public infrastructure investment and improved connectivity to Downtown Phoenix.

Through its execution, TBBG created substantial value by increasing density and enhancing the development potential of the site. The asset was subsequently sold, demonstrating TBBG’s ability to source, entitle, and monetize infill development opportunities.

Investment Highlights

• 2.75-acre infill site assembled and re-entitled

• Successfully increased density to 55 multifamily units

• Located near future South Central Light Rail extension

• Value created through entitlement and land aggregation