By Steven Totten | Phoenix Business Journal
Roosevelt Row in downtown Phoenix has been at the heart of infill development in the Valley during the past few years, where hundreds of apartment units are in the pipeline and groups such as Desert Viking are building a mixed-use project between Fifth and Sixth streets, totaling more than 26,000 square feet.
The area was named one of the “Great Places in America” by the American Planning Association; one of the “Top 25 Most Instagrammed Art Spaces of 2016” by Vice’s the Creators Project; and one of the top 15 “Cool Streets” by Cushman & Wakefield.
But the city at large saw rents rise by 7.1 percent last year, according to RentCafe.com, and what made the arts district so attractive at first has now, in a way, ruined its reputation.
