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CityNorth in north Phoenix reviving under new ownership

CityCenter of CityNorth®, the metropolitan heart of the 144-acre mixed use development in Northeast Phoenix.
CityCenter of CityNorth®, the metropolitan heart of the 144-acre mixed use development in Northeast Phoenix.

By Paulina Pineda | The Republic | azcentral.com

The new owners of CityCenter of CityNorth, a mixed-use development near Desert Ridge in northeast Phoenix, say they’re attracting new tenants, filling vacancies and improving the property.

They say they’re on their way to fulfilling promises of a luxury shopping and dining destination.

The development has faced legal and economic troubles since opening in 2008 during the economic downturn. Scanlan Kemper Bard Companies, a real-estate private-equity firm based in Portland, Ore., and Wayzata Investment Partners purchased the property for $67 million in April.

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