Ray Phoenix - Magellan Development Group

777 N Central Ave , Phoenix

Apartments, Retail

Ray Phoenix

RAY is a thoughtfully designed residential community where art, creativity, and modern living come together. Featuring floor-to-ceiling windows, warm oak flooring, and refined finishes, each home blends elevated design with everyday comfort. Spacious penthouse residences offer premium appliances, expansive layouts, and retractable window walls that open to sweeping views from the Camelback Mountains to the city skyline creating a vibrant space for artists, entrepreneurs, and creative thinkers to live and gather.

Partner With Magellan

Key Stats

  • Site Size: 40,500 sf/ 3,763 m2
  • Number of Stories: 26
  • Building Size: 530,658 sf/ 49,300 m2
  • Residential Rental Units: 401
  • Parking Spaces: 393
  • Retail Space: 4,500 sf/ 418 m2
  • Development Team: VeLa Development Partners / Ray Community / Magellan Development Group
  • Architecture: Johnston Marklee, Lamar Johnson Collaborative
  • Total Development Costs: $176,000,000
  • Construction Start: 2024 Q2
  • Initial Occupancy: 2026 Q1