The new developer of downtown Tempe's luxury apartment towers has announced rental rates and selected a leasing agent.

Rates for studio apartments are beginning at $945; one bedrooms are beginning at $1175; two bedrooms are beginning at $1550 and three bedrooms are beginning at $1995.

Zaremba Group officials announced Friday that they selected Capstone Companies as the property manager for West 6th Tempe apartments at Sixth Street just west of Mill Avenue.

Capstone will manage leasing, operations and community development. The temporary leasing office is open in downtown Tempe on the northwestern corner of Sixth Street and Mill in a suite formerly occupied by American Apparel.

The towers were long stalled after the housing market crashed and financiers for the project and the original developer filed for bankruptcy. Zaremba purchased the development last month and resumed construction immediately.

Kent Chantung, Zaremba's director of residential development had said rates would be comparable to nearby luxury apartments. At The Vue on Apache apartment, at Apache and Rural Road, rates range from about $525 for shared units to about $1,250 for studios and one bedrooms.

"Capstone thoroughly understands the dynamics of the Tempe community and given their vast housing background they are well versed in handling a wide, lifestyle-conscious demographic," said Chantung in a Friday news release.

Capstone has its corporate office in Birmingham, Ala. and a regional office in California. The company specializes in housing near university campuses.

"We are thrilled to be involved with this visionary project for the downtown Tempe community. Our goal is to develop a residential community that represents the diversity of Tempe," said Monique Newman, vice president of marketing and communications for Capstone, in Friday's news release.

West 6th is being marketed to Arizona State University students and professionals who would prefer an urban lifestyle to suburban living. The apartment is expected to have 375 units when complete. The 22-story Tower I will be ready for residents by August 1, and the 30-story Tower II is expected to be ready by December. The development plan includes a resort-style pool with cabanas, fitness center, study and conference areas and mixed retail that could include a small grocery store and restaurant.

A grand-opening ceremony for the leasing office is March 28 and will be attended by members of the Tempe City Council and Mayor Hugh Hallman.

The office is available to visitors and future residents from 11 a.m. to 6 p.m. Monday through Saturday, with extended hours Thursday through Saturday until 8 p.m. beginning March 31 and by appointment on Sunday.

For more information about West 6th Tempe: 480.664.6111 or info@west6thtempe.com and visit www.west6thtempe.com.