November 21, 2024 5:06 pm
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23-story high-rise planned for downtown Phoenix ‘opportunity zone’

A partnership between True North Studio and Hatteras Sky plans to build a high-rise near First Avenue and McKinley Streets. / Provided by SVN Desert Commercial Advisors / Phoenix Business Journal

By Corina Vanek | Phoenix Business Journal

A local developer is partnering on a project in downtown Phoenix that could land a 23-story high-rise featuring luxury apartments and restaurants.

True North Studio, the downtown Phoenix real estate developer with several projects in the works in the Roosevelt Row Arts District, and Atlanta-based developer Hatteras Sky bought 1.68 acres in downtown Phoenix to develop a mixed-use high rise.

The project, called First McKinley at First Avenue and McKinley Street, will include 385 luxury apartment units and 15,000 square feet of street level retail. It’s design would preserve the historic McKinley Medical Center building on the site.

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