High-profile Downtown Phoenix site sells for $9.325M

AZBigMedia

AZBigMedia

SVN Desert Commercial Advisors has been an instrumental part of the economic development in downtown/midtown Phoenix. Advisors, Justin Horwitz and Paul Borgesen III, often relied on as experts of the Downtown Phoenix submarket, have facilitated yet another transaction representing Fore Properties in the acquisition of the former O’Neil Printing building for $9,325,000.

The property is located at 366 N 2nd Ave. (the SEC of 2nd Ave & Fillmore St.), a significant site in the heart of Downtown Phoenix’s Opportunity Zone. This property consists of approximately 2.56 acres of land with three sides of street frontage.  Development plans for the call for a high-end mixed-use development consisting of seven stories, 323 apartment units, and ground floor retail and restaurant space in a project totaling approximately 285,000 SF. The community will feature a combination of studios, 1 bedroom and 2-bedroom units as well as a rooftop deck with views of downtown Phoenix, a pool, and fitness center. 

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