AZ Big Media: 3 projects that are shaping the future of Downtown Phoenix
The evolution of Downtown Phoenix continues, and there are three key projects leading the market forward, The Link PHX, Block 23 and two buildings going up at the newly renovated Arizona Center — the AC Hotel by Marriott and Palm Tower, a residential tower. All of these projects are in different stages of development, but the tallest of the new buildings, The Link PHX, will be the first one to be delivered.
Sara Scoville-Weaver, business development manager at Downtown Phoenix Inc. said that all these projects will bring more people and vibrancy and more businesses to the downtown. Scoville-Weaver also said that these projects were developed on land that was empty and by having more people live here and shop here, that will bring more visitors which is good not just for the downtown but for the entire city.
Arizona Center Redevelopment
Arizona Center in downtown Phoenix has undergone a $25 million redevelopment project. According to information provided by Leslie Sonnenklar, associated director of public relations at Arizona Center, the renovation opened up Arizona Center’s 1 million-square-foot property to the surrounding streets for more integrated downtown experience where entertainment, events, shopping, casual dining as well offices and education take part.
“We are thrilled to debut the newly renovated Arizona Center,” said Matt Root, managing partner for Parallel Capital Partners, owner and manager of the center. “The upgrades to the center bring a whole new vibe to the heart of downtown Phoenix. As we add tenants, Arizona Center will continue to become an even bigger hub for meeting up with family and friends, entertainment, shopping and so much more
In addition to the Arizona Center renovation, the AC Hotel by Marriott broke ground on Sept. 6. The hotel will be located on a 49,190-square parcel on 5th St. between Fillmore and Van Buren St.
The developer, LaPour Partners, is working with the architect AXIS GFA and the builder Layton Construction, on this 13-story and 199-room hotel scheduled to be completed within 18 months after groundbreaking, according to information provided by Sonnenklar.
“Downtown Phoenix is a true destination, and soon Arizona Center will be able to host out-of-town visitors in the heart of it all,” Root said.
Palm Tower, the 31-story residential tower on Arizona Center’s property, will break ground by the end of the year, according to Sonnenklar. North American Development Group (NADG) will be working with Will Bruder Architects on this project. The builder has yet to be determined.
Sonnenklar said in an email that the Palm Tower is scheduled for completion approximately 24 months after the groundbreaking.