Scottsdale, Ariz.-based Concord Eastridge has purchased a 2.89-acre parcel of vacant land in downtown Phoenix with plans for the development of a multi-unit residential property with complementary retail and restaurant space. Located between Third and Fourth streets on the east and west, Roosevelt Street on the north and Garfield Street on the south, the development features two residential buildings with street-level retail facing Roosevelt Street and a parking garage. From an article on StudentHousingBusiness.com.