Kinella Capital Advances One Camelback Luxury Residences in Uptown Phoenix

Date: December 2025

Source: AZ Big Media

Cushman & Wakefield announced the successful sale and financing of One Camelback, a 163-unit luxury residential tower located at the iconic intersection of Central Avenue and Camelback Road in Phoenix’s Uptown district. The firm advised both the acquisition and construction completion financing on behalf of Kinella Capital.

Once complete, One Camelback will feature 163 luxury residences averaging 980 square feet, alongside 10,725 square feet of ground-floor retail and a five-level subterranean parking garage. The residences are designed with floor-to-ceiling windows offering sweeping city and mountain views, 10.5- to 11-foot ceilings, exposed concrete finishes, quartz waterfall-edge kitchens, spa-inspired bathrooms, walk-in closets with custom built-ins, and full smart-home integration.

Reclaiming a Prominent Phoenix Landmark

Long regarded as one of Phoenix’s most anticipated redevelopment efforts, One Camelback reached substantial completion before construction was paused. With Kinella Capital’s acquisition and capitalization, the project is now moving through its final phase and reclaiming its role as Uptown’s only luxury high-rise residence.

A Cushman & Wakefield Equity, Debt & Structured Finance team of David Karson, Megan Schmitt, and Mitch Rothstein arranged the financing. Steven Nicoluzakis and David Fogler represented Kinella Capital in the acquisition. Post Road Group of Stamford, Connecticut, provided the capital solution supporting the transaction.

“This transaction is a milestone for Phoenix’s multifamily market and a testament to our client’s discipline and vision,” said Schmitt. “Advancing a project of this scale required close coordination across multiple counterparties and a tailored capital solution calibrated for completion.”

About Kinella Capital

Based in Mesa and led by TK Stratton, Kinella Capital specializes in acquiring and completing complex development projects including stalled, lender-owned, and distressed assets. The firm’s in-house construction arm, Kinella Construction, holds both a KB1 General Contractor license and an A1 engineering license, allowing for direct control over design, build, and delivery.

Stratton’s two decades leading Stratton Restoration, one of Arizona’s premier property restoration companies, give Kinella the construction expertise and operational depth to complete sophisticated urban redevelopment projects like One Camelback.

“This project reflects the strength of collaboration between an experienced operator and forward-thinking investors,” said Nicoluzakis. “One Camelback will set a new benchmark for luxury living in the area, and we’re proud to have helped bring this vision to life.”

Project Highlights

• Location: Central Avenue & Camelback Road, Phoenix, AZ
• Residences: 163 units averaging 980 sq ft
• Retail: 10,725 sq ft ground-floor space
• Parking: Five-level subterranean garage
• Amenities: Rooftop sky terrace with pool and cabanas, fitness studio, clubhouse, co-working areas, dog park, pet spa, urban garden, package lockers with cold storage, and retail dining options
• Transit Access: Steps from the Camelback Light Rail Station

Redefining Uptown Living

Positioned adjacent to Uptown Plaza and surrounded by top dining and lifestyle destinations, One Camelback will deliver unmatched convenience and luxury in the heart of the Phoenix urban core. With construction nearing completion, the property is poised to debut as a defining residential address in Uptown Phoenix.

Media Coverage

Read the full article on AZ Big Media

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For media or investment inquiries regarding One Camelback or Kinella Capital’s development portfolio, please contact our team.