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.