David McGlothlin | AZRE
Downtown Phoenix is where history meets the future.
Over the last couple decades and especially in the last five years, a combination of factors, investments and new developments have aided in the revitalization of Downtown Phoenix and its continued resurgence into the future, which fosters a live-work-play environment unlike any other urban market in the Valley of the Sun.
Between 2005 and 2016, the broader 1.7-square-mile redevelopment area in downtown experienced more than $4.8 billion in investments for things like transportation, office, residential, education as well as research, arts, culture, sports and hospitality.
Today, Downtown Phoenix is a hotbed for new projects, most notably new multifamily developments and redevelopment of older spaces into creative, open offices or trendy bars, restaurants and event venues.
The Downtown Phoenix Partnership has played a fundamental role in this process since being created in 1990 as a nonprofit organization dedicated to strengthening development within the 90-square-block area known as the Downtown Phoenix Business Improvement District.
Dan Klocke, executive director of Downtown Phoenix Partnership, says, “We’ve seen a real acceleration in the last 5-7 years,” which he attributes to a combination of different development stages in the area that created a one of a kind downtown neighborhood.
