The Henri: Luxury Urban Living Coming to Downtown Phoenix

Downtown Phoenix continues to evolve, with another major residential project set to redefine the city’s core. Toll Brothers Apartment Living, the multi-family division of nationally renowned homebuilder Toll Brothers Inc., has broken ground on The Henri — a luxury mid-rise apartment community located at 502 W. Van Buren Street, nestled between Fifth and Sixth avenues.

A Major New Addition to the Downtown Scene

The Henri will bring 313 upscale apartments to the 2.32-acre site, offering a blend of studio, one-bedroom, and two-bedroom floor plans. Designed with the urban lifestyle in mind, each unit will feature:

Spacious, open-concept layouts
Stainless steel appliances
Quartz countertops in kitchens and bathrooms
Wood-style flooring
Smart-home integrations, including keyless entry systems

With Phoenix’s ongoing downtown revitalization, this project adds to the city's increasing demand for high-quality rental options in walkable, vibrant neighborhoods.

Resort-Style Amenities in the Heart of the City

The Henri’s true differentiator is its extensive amenity package. Toll Brothers has allocated over 36,000 square feet for indoor and outdoor resident spaces. Highlights include:

Rooftop deck with city views
Resort-style pool and courtyard
Club and game room
Resident bar and chef’s demonstration kitchen
Fitness center
Library and coworking spaces
Pet-friendly facilities

Residents will also have access to a 455-space parking garage featuring electric vehicle charging stations — a thoughtful addition in line with sustainability trends and the increasing adoption of EVs in the Valley.

Strategic Investment Backed by $65M Construction Loan

According to public reports, the project is being financed with a $65 million construction loan, underscoring investor confidence in the growth trajectory of downtown Phoenix. The development sits just steps away from the city’s live music and cultural hub, The Van Buren, making it an ideal location for young professionals, creatives, and anyone drawn to an urban lifestyle.

Opening Soon: Fall 2025

Toll Brothers anticipates that The Henri will open by fall 2025, adding hundreds of high-end rental options to the downtown area. As demand continues to outpace supply in Phoenix’s urban core, this development represents a timely and impactful addition to the rental market.

Why It Matters for Phoenix Buyers, Renters, and Investors

The arrival of The Henri is another signal that downtown Phoenix is on the rise. With projects like this leading the charge, the area is attracting both institutional investment and a growing population seeking a more connected, design-forward lifestyle.

Whether you’re considering relocating, investing, or keeping an eye on market trends, The Henri is a development to watch.

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