Downtown Phoenix is going through some major changes.
In addition to a brand new light rail extension connecting the downtown core with south Phoenix, there are 2,176 housing units, 326 hotel rooms, and one million square feet of office space under construction. Here's what's on the horizon.
Downtown Phoenix Development Activity
From 2005 to present, more than $6 billion in private and public capital has been invested in the 1.7-square-mile downtown, and that investment continues to grow through new construction and development projects.
AC Hotel at Arizona Center – Under Construction
A new 14-story, 200-key AC Hotel by Marriott is under construction at Arizona Center on the corner of Fifth and Van Buren streets. Developed in partnership with LaPour Partners, the completed project will feature business and leisure traveler amenities as well as a rooftop pool and lounge.
The Ellis – Under Renovation
Built in 1922, this historic structure located at the corner of Second Avenue and Monroe Street is getting a long-awaited refresh. Equus Capital Partners is currently remodeling the structure to provide more than 58,000 square feet of office space, a restaurant and speakeasy.
225 W. Madison – Spring 2020
Downtown’s largest adaptive reuse project to date is now complete. The former Madison Street Jail will provides over 264,000 square feet of office space for the county’s attorneys.
Block 23 / The Ryan – Spring 2020
Phoenix-based RED Development completed construction on downtown’s first urban grocery store, Fry’s, in fall of 2019, with 250,000-square-feet of creative office space and 330 high-end residential units completed Spring 2020. Now leasing.
ASU-Innovation Dorm – Under Construction
Arizona State University is adding a 16-story residential tower with classroom space on the southwest corner of First Avenue and Fillmore Street. The completed building will feature more than 400 student housing beds, entrepreneurial programming and a vibrant ground floor.
Punch Bowl Social – Spring 2020
The Denver-based entertainment and restaurant concept Punch Bowl Social is ready to open in a renovated building on the southeast corner of Second and Garfield streets. The project is developed by True North Studio LLC.
Kenect Phoenix – Under Construction
Located on the southeast corner of Central Avenue and Polk Street, Kenect Phoenix is replacing a surface parking lot with a 23-story apartment tower and ground-floor retail. The completed project will feature 320 rental units and a rooftop deck.
2nd Avenue & Fillmore Apartments – Under Construction
Fore Property will begin work on a mid-rise multifamily project located at the southwest corner of Second Avenue and Fillmore Street. The development will include 323 apartment units and ground-floor retail.
The Link PHX – Phase 2 – Under Construction
CA Ventures completed construction on the first of three residential towers at Third and Pierce Streets. The entire development will offer more than 600 market-rate apartments with ground-floor retail and streetscape improvements over 3 phases. Phase 1: 30 stories/252 units (completed) Phase 2: 25 stories/204 units Phase 3: 19 stories/156 units
X Phoenix – Under Construction
New York-based development firm, Property Markets Group, is developing X Phoenix, a “social living community,” at the corner of Second Avenue and Monroe Street. Phase 1 of the luxury 20-story apartment project will feature 253 units, a rooftop deck and ground-floor retail.
Duo on Fillmore – Under Construction
A 17-story, 254-unit apartment complex by Aspirant Development is coming to the corner of Fillmore Street and Third Avenue. The project will have ground-floor retail and luxury finishes.
The Derby – Under Construction
Located on the northwest corner of McKinley and Second streets, Transwestern Commercial Real Estate is preparing to develop a 21-story, 211 micro-unit apartment project. The completed development will include 210 units averaging 400 square feet each.
Eco PHX – Under Construction
Habitat Metro is beginning work on 70 environmentally sustainable apartments on the southwest corner of Third Avenue and Roosevelt Street. The completed five-story project will feature 3,300 square feet of retail space, solar energy usage, a car share program, grey water recycling and other traditional residential amenities.
850 N 5th Street – Under Construction
Anchored by the International Genomics Consortium/Translational Genomics Research Institute (IGC/TGen), the city-owned, 30-acre Phoenix Biomedical Campus on Fifth and Van Buren streets serves as the main hub for biomedical research in the area. The latest addition will be a 225,000-square-foot project in partnership with Wexford Science and Technology.
The McKinley and Residences on 2nd Avenue – Under Construction
A roughly 153,500-square-foot development located on the northeast corner of Third Avenue and McKinley Street will offer 108 luxury apartment units, amenity spaces and underground parking. The Residences on 2nd, located on the adjoining parcel on the northwest corner of Second Avenue and McKinley Street, will offer six for-sale town homes between 1,700 and 2,100 square feet.
The Fillmore – Under Construction
Trammel Crowe broke ground on the first phase of a $140-million mixed-use project between Fourth and Sixth avenues fronting Fillmore Street. The Fillmore Phase 1 will feature 342 units with ground floor retail and amenity space on the southwest corner of Fourth Avenue and Fillmore Street. Phase 2 will include 350 apartment units.
ASU-Downtown / Thunderbird School of Global Management – Under Construction
Arizona State University has invested more than $219 million in the downtown campus to date, and continues to expand with the Thunderbird School of Global Management, which started construction south of the law school at First and Polk streets.
Gateway Community College Makerspace – Under Renovation
Gateway Community College is bringing a first-to-market makerspace to a historic warehouse building at Sixth Avenue and Van Buren Street. The project is currently under renovation and will feature over 16,000 square feet of work space for students and community members.
The Battery – Under Construction
Located between Third and Fourth streets on Buchanan Street in the Warehouse District, the 276-unit, mixed-use project will include for-rent apartments and commercial space. Two historic buildings will be preserved and activated as retail.
Residences at Collier Center – Under Construction
Hines broke ground on a 25-story multi-family project on the northwest corner of Jefferson and Third streets. The completed project will feature 379 luxury apartment units and more than 4,500 square feet of retail.
Alta Warehouse District – Under Construction
Wood Partners started construction on a 300-unit apartment project on a long-vacant parcel at the northeast corner of Seventh Avenue and Lincoln Street. The completed project will feature ground-floor working spaces and amenities that add to the Phoenix Warehouse District.
Hyatt Place — Under Construction
A long-time surface parking lot at 2nd Avenue and Adams will soon be home to a new Hyatt place hotel. Currently under construction by Mortenson Development, the 8-story hotel will feature 240 rooms.