31-story, $100M apartment tower planned for downtown Phoenix

By Mike Sunnucks and Steven Totten | Phoenix Business Journal

A Florida developer is buying land at the Arizona Center in downtown Phoenix with plans for a 31-story, $100 million apartment tower.

West Palm Beach-based North American Development Group is buying a 39,970-square-foot parcel at the downtown development on Fifth and Van Buren streets.

The planned apartment tower will have 350 units and would be the second tallest building in the state after only Chase Tower.

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