The Marshall Foundation announces a first-of-its-kind urban hotel and apartment project in Tucson
TUCSON, ARIZ. (July 27, 2018) — The Marshall Foundation is pleased to announce it has entered into an agreement with Core Tucson Main Gate, LLC to create “Graduate Tucson & The Collective at Main Gate,”a one-of-a-kind urban gathering place in Main Gate Square, near the University of Arizona, featuring a boutique hotel, residential apartments for adults of all ages, retail, restaurants and a public plaza. The Marshall Foundation donates 5% of its net worth each year to nonprofits in Pima County and to the University of Arizona. Its revenue is derived solely from the management of its real estate assets.
Graduate Tucson, designed by Graduate Hotels®, will feature 165 guestrooms, a communal ground floor lobby and café, a rooftop swimming pool and bar with panoramic mountain views, a swimming pool, fitness center, meeting and event space, and an interior design that reflects the rich culture, traditions and stories of the University of Arizona, Tucson and the Sonoran Desert region. The Collective, with its 238 market-rate apartments, will serve adults of all ages and families seeking a pedestrian-friendly urban, university neighborhood close to public transportation and downtown amenities. The Collective will have nearly 6,000 square feet of interior lounge and gathering spaces, a fitness room, private courtyards, a spa and pool.
“This project is exciting on many levels and will create a special destination and gathering place for Tucson residents, young professionals, university staff, students and their parents, families with children, and tourists,” said Jane McCollum, general manager for the Marshall Foundation. TheGraduate Tucson & The Collective project also utilizes the last undeveloped parcel in Main Gate Square and completes the vision started byourfounder, Louise Foucar Marshall, who was a savvy real estate investor, philanthropist and the first woman professor at the University of Arizona.”
The Main Gate project will feature roughly 6,000 square feet of ground-level retail and restaurant space with a folding glass storefront that opens onto a plaza with lush foliage, public art, an interactive musical water feature, a permanent outdoor movie screen, and space for special events, classes and meetings. The plaza will connect visitors to a destination restaurant, bar, coffee shop, and to the hotel and apartment lobbies and retail spaces. The plaza and its tenants, likeGraduate Tucson, will have a character that celebrates the university, Tucson and its natural surroundings.
Plans for a similar project was approved for this location in 2016 and has since been enhanced with the addition of Graduate Hotels’® Graduate Tucson and The Collective at Main Gate and other amenities.
“We are pleased to bring together world-class organizations like Graduate Hotels®, Core Spaces, Up Campus and DRW Real Estate to create this unique project at Main Gate Square,” said Tom Warne. “This project offers many improvements to the previous plan that the community will enjoy and take pride in. We are excited to move forward.”
The development team for Graduate Tucson & The Collective at Main Gate expects to break ground this fall and complete the project in July 2020.
About the Marshall Foundation
The Marshall Foundation, founded in 1930, seeks to enhance the lives of the citizens of Tucson and Pima County through its support of charitable and educational institutions. The Foundation gives primary consideration to organizations involved in higher education projects and scholarships, children & youth programs, arts and cultural organizations and Pre-K-12 education and community and social service organizations. The foundation is a private asset-based organization and receives its income solely from the management of its commercial real estate assets. For more information, please visit http://marshallfoundation.com/about-us/
About Graduate Hotels®
Graduate Hotels® are a hand-crafted collection of hotels that reside in dynamic university-anchored towns across the country. Each hotel pays homage to the heritage of its unique town through cultural nods to the local community. Launched in 2014, there are currently 11 operating hotels across the U.S. and an additional nine under development and slated to open by 2020. Graduate Hotels® is owned by Adventurous Journeys (AJ) Capital Partners, a Chicago-based vertically integrated real estate developer, owner and operator, founded by Ben Weprin in 2008. For more information, please visit graduatehotels.com
About The Collective
The Collective brand creates upscale living in prime urban locations, providing the perfect mix of future and comfort.To see one of The Collective projects in Portland, Oregon, please visit: https://collectiveon4th.com/