Developer has several adaptive reuse and new construction projects in the works in downtown Phoenix
By Corina Vanek | Phoenix Business Journal
Roosevelt Row’s largest office building will get a new life as a creative office and mixed-use project.
True North Studio, which is based in the Roosevelt Row arts district, bought the 1001 North Central building for $15.25 million, according to real estate database Vizzda. The building formerly housed the Maricopa County Environmental Services and Air Quality Departments, Cavco Homes and other tenants.
Projects like this are part of a bigger trend that is seeing office space being geared toward attracting top talent by locating in desirable areas with a look and feel that is true to the neighborhood, said Steve Lindley, executive director of Cushman & Wakefield’s Phoenix office, who worked with True North Studio in the transaction.