A new apartment complex is planned for midtown Phoenix — in place of several existing homes and vacant lots.
The Arizona Republic reports that a developer shelled out $7 million to purchase 20 old homes along with some vacant parcels along Earll Drive and Cheery Lynn Road between Third and Fifth streets with the intent to raze them and build a 329-unit apartment complex.
North Carolina-based Crescent Communities bought the houses, which were built between 1915 and 1950, according to the Republic.…
