The 'world's first post-car development' is being built in Arizona - here's what it will look like
The project will cost about $140 million and Culdesac has raised $10 million in venture capital funding.
The community will be completed in the fall of 2020.
"[Culdesac Tempe] is similar in character to a Greek, Italian, or French historic village with irregular, narrow meandering paseos, a hierarchy of public spaces, and thoughtfully placed buildings and building elements that deliver a sense of discovery as you make your way through the project," Opticos wrote on its website.
Culdasec claims to be the first company to ever plan car-free communities and believes recent real estate designs have failed to keep up with changes in mobility, mainly the evolution beyond the constant need for cars.
"People are ready to leave their cars behind for the walkable and vibrant lifestyle that comes from living in a car-free neighborhood," Culdesac COO Jeff Berens said in a statement.
The neighborhood will accommodate 1,000 residents with 636 units and seven different types of residential buildings.
It's being built from the ground up and makes history as the first agreement between a city and a real estate developer to build a zero residential parking community, according to Culdesac, which will also serve as the property manager.
Culdesac claims that the 16-acre community will have three times more green space than typical developments that are typically built around the parking lots.
Of the space, 24,000 square feet of land will be set aside for retail. There will also be ample courtyards and community areas, which will include gyms, pools, and bookable spaces.
Culdesac is now looking into more cities for a similar project, including Dallas, Denver, and Raleigh-Durham, according to the developer.
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