Real estate company expects to tear down Elevation Chandler project by early 2015

0531131030les PNI0605-cr elevationBy Sam Gauvain | Special to East Valley Tribune

The concrete structure called Elevation Chandler was intended to be a luxury hotel and would have provided the Chandler Fashion Center located next door a steady stream of consumers. It now sits vacant and exposed on an empty dirt plot and serves as a stark juxtaposition to the prosperous shopping center.

However Houston-based international real estate firm, Hines Interests Limited Partnership, is interested in purchasing the land for roughly $20 million and replacing the six-story frame with Chandler Viridian — a $150 million mixed use development consisting of office buildings, a hotel, retail commercial property, multi-family residential units and a foot path that winds through the property.

What is Chandler Elevation?

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