Arizona Center begins $25M renovation; adding hotel, multifamily housing

A rendering of the Arizona Center’s new look/ Parallel Capital Partners and Angelo Gordon& Co.

By Steven Totten | Phoenix Business Journal

Parallel Capital Partners and Angelo Gordon& Co., which bought the downtown Phoenix center in 2015 for $126 million, announced plans for renovations to the 1-million-square-foot center, which is projected to cost $25 million.

The companies have plans to add a boutique hotel and multifamily housing on the site as well as a number of other site improvements.

Downtown Phoenix had more than 3,600 apartment units planned or already under construction as of September 2016, and it doesn’t look like that development will slow anytime soon.

Continued:

 

Share this!

Additional Articles

News Categories

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.