Developer buys site to build Arizona’s tallest tower

_{An artist’s rendering shows the planned Astra Phoenix development in downtown Phoenix, which is planned to be the tallest tower built in the state. | SOLOMON CORDWELL BUENZ}

_{(Disclosure: Rose Law Group represents Empire Group.)}

By Corina Vanek | Phoenix Business Journal

Scottsdale’s Aspirant Development purchased a nearly 2-acre site near Second Avenue and Van Buren Street in downtown Phoenix where it plans to build the tallest tower in Arizona.

The deal has taken years to come together, Mike Sutton, principal at Lee & Associates in Phoenix, who along with Brent Moser, represented the seller, Desert Troon, in the $9.2 million transaction that closed Dec. 15. The property was in escrow for nearly two years, beginning in February 2019, as the project, called Astra Phoenix, went through the planning and zoning process. The Phoenix City Council gave the project final approvals in early November.

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December 23, 2020

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Developer buys site to build Arizona’s tallest tower

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