First phase will include office, restaurant and hotel space
By Corina Vanek | Phoenix Business Journal
Construction has begun on the first phase of a $57 million mixed-use development in downtown Chandler.
The project, called New Square, will be built in two phases. The first phase will include 50,000 square feet of office space, a 110-room Hilton Garden Inn and 9,000 square feet of restaurant space, said developer Spike Lawrence of Spike Lawrence Ventures. The second phase will include 140,000 square feet of office space. The project will be built at Arizona Avenue and Chicago Street.
About 11,000 square feet of office space in the first phase has been pre-leased to Great Western Bank for a regional headquarters. DC Steakhouse, which Lawrence said has outgrown its location nearby, will take some of the restaurant space.
