The former Crown Imports building on 7th St., between Missouri and Bethany Home in Central Phoenix, is getting a major facelift.
Dan Noma, Jr., principal of Venture REI, has joined real estate development veterans Buzz Gosnell and Niels Kreipke in investing $6 million to redevelop the mixed-use project.
The project will be renamed Crown on 7th and will include 18,000 square feet of restaurant and retail space, open air patio dining areas and 144 parking spots.
A central, lushly landscaped courtyard will serve as the heart of the complex, which will include private patios for the restaurant concepts. The development team purchased the project last year for $1.8 million. Construction began in November, 2014, tenant improvements will begin next month and a grand opening is tentatively slated for late summer 2015.