Multiple other apartment projects are in the works nearby
By Angela Gonzales | Phoenix Business Journal
A Chicago-based developer of trendy apartment communities is planning a $100 million project on a full city block in downtown Phoenix.
The 2-acre site — bounded by Second and Third avenues and Van Buren and Monroe streets — is within walking distance of several music and entertainment venues, such as Comerica Theatre and Crescent Ballroom.
“Five to six nights a week you have 3,000 to 10,000 people hanging out in and around this area,” said Noah Gottlieb, CEO of Chicago-based X Social Communities. “We think with our project, we can sort of re-center what people think of as the activity and nightlife of downtown Phoenix.”
Construction should begin within the next few months, he said.
