Developers buy land along Central Avenue for mixed-use project

Developers picked up land along Central Avenue with plans for a mixed-use project that will include residential and office components. Rendering courtesy of Ryan Companies

By AZRE

A partnership between three companies purchased 1.565 acres near Central Avenue and McDowell Road in Phoenix for $4.5 million, according to Colliers International.

Ryan Companies, Tilton Development Company and Hunt Investment Company plan to develop a mixed-use project with residential and office components on the site, at the northeast corner of Willetta Street and Central Avenue.

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