November 23, 2024 12:34 pm
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Medistar plans major Downtown Phoenix project

Christine Mackay

The Houston-based developer has announced plans to build a $231 million transit-oriented project that will include a hotel, apartments, student housing, retail and offices.

By Kelsi Maree Borland | GlobeSt.com

Houston-based developer Medistar Corp. has announced plans to build a $231 million transit-oriented mixed-use project in Downtown Phoenix. The proposed project is on a ground lease with the city, and will include a 150-key InterContinental Hotel and restaurant, a 30-story 300-unit apartment complex, an 18-story student-housing tower with 600 beds, and ground-floor retail and office spaces. It goes up for City Council review next week, but there is already a lot of buzz about the development and the impact it could have on the Downtown Phoenix market.

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