12 Real Estate Projects in Downtown Phoenix
The skyline of Downtown Phoenix is constantly evolving. Stand on any corner and you’ll likely see a construction project in progress. Here are 10 Downtown Phoenix construction projects that are currently being built and will likely change the way we live, work, and play in the city.
Two high rise towers will soon bring new residential offerings, student housing, retail and office suites to the transit center at Central and Van Buren. A total of 365 luxury for-rent units and 693 student housing beds will be added. Developer Medistar will also incorporate current light rail and bus infrastructure into the completed project.
Habitat Metro has broken ground on 70 purposefully sustainable apartments on the SW corner of 3rd Avenue and Roosevelt Streets. The completed 5-story project will feature over 3,300 sq ft of retail space, solar energy usage, a car share program, greywater recycling and other traditional residential amenities.
A 17-story, 254-unit apartment complex by Aspirant Development is well under way on the NE corner of Fillmore Street and Third Avenue. The project will have ground-floor retail and luxury finishes.
Transwestern Development Company has begun construction on the Derby, a unique micro-unit project in the heart of Roosevelt Row. The project will be a 21-story high-rise featuring 222 residential units over six stories of above-ground parking. All units will come furnished and will average 350-400 sq ft.
currently under construction at 2nd Street and Jackson, this hotel will be the first newly built commercial building in the burgeoning Warehouse District in years. The completed project will activate a long empty historic structure into the final build and will feature 149 rooms.
Valley Metro Downtown
HubValley Metro is extending their light rail system South and West with the addition of several new platforms in Downtown as well as a new Downtown Station Hub at the intersection of Central and Washington. Due for completion by 2024.
The 1922 Ellis building is currently undergoing a $10 million dollar renovation. The completed project will feature ground-floor retail, a daycare, speakeasy, wellness studio, co-living and co-working.
Lincoln Ventures has begun construction on a new 24-story, 326-unit multifamily development. The project will feature luxury amenities, ground-floor retail and is expected to complete in June 2023.
Skye on 6th
Hubbard Street Group has recently broken ground on Skye on 6th, a 26-story, 309 unit luxury apartment project at the corner of 6th Street and Garfield. The project will offer ground-floor retail, be LEED certified and is expected to be completed by Summer 2023.
Offering 352 luxury and workforce residential units, Palmcourt Tower has just begun construction (Q1 2022) at the corner of 5th Street and Van Buren.
Fore Property, began work on this midrise multifamily project located at the SW corner of 2nd Avenue and Fillmore in early 2020. The 7-story development will include 323 apartment units and ground-floor retail. Anticipated opening June 2022.
This project will be a 3-story, 15 unit apartment complex which will have exceptional modern architecture designed to complement its two neighbors that we also developed, Willetta 9 and Evergreen 9. All residences will be oversized 1 bedroom/1 ba unit types, featuring luxury finishes, large sliding glass doors that open to balconies/patios, walk-in closets, and double vanities.