December 3, 2024 10:42 am
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Coronavirus delays groundbreaking on large north Phoenix office building

PhoenixMart
PhoenixMart

By Corina Vanek | Phoenix Business Journal

Closures due to the novel coronavirus have already delayed some real estate transactions and have caused developers to push back some start dates on one of the Valley’s biggest development projects.

While grading and other improvements have already begun at City North near Desert Ridge Marketplace in north Phoenix, groundbreaking on the first office building for the project, which was planned for September, has been delayed, Robert Flaxman, CEO of Crown Realty & Development, said in an April 10 webinar hosted by Rose Law Group. However, Flaxman said he believes the “first building out of the cycle will be the first to absorb,” and is moving forward with plans for the project.

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.