November 14, 2024 11:12 am
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How the $118M Hance Park build-out will boost property values in downtown Phoenix

Hance Park

Hance ParkBy Eric Jay Toll | Phoenix Business Journal

There’s no magic formula to apply to Hance Park, but based on experience in other cities, a well-designed urban centerpiece park adds value to real estate within walking distance. With a $118 million potential price tag, there’s a lot of return-on-investment potential on the line between downtown and midtown.

It’s that knowledge driving the Hance Park Conservancy to line up private sector partners and donors to develop the park in downtown Phoenix that runs on top of Interstate 10.

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