AZBigMedia
While technically not one, large real estate deal, the redevelopment plan for the Park Central Mall area is undoubtedly a big deal.
Slowly, but surely, bit by bit, the development duo of Plaza Companies and Holualoa Companies are unveiling their new vision for the Park Central Mall site along Central Ave. in Phoenix.
The first glimpse came midway through 2017 when Plaza and Holualoa announced plans to reinvent the aging Park Central Mall. That $57 million purchase and renovation plan is now past the midway point, as DPR Construction is in the midst of major steel work on the site as crews transform the project into a chic, modern office and retail property.
At the time of the purchase, Holualoa chief operating officer Stan Shafer said, “The potential of this property to not only succeed, but to be an economic engine for the community, is truly limitless.”
