May 7, 2024 4:52 pm
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Former Phoenix Public Market Café building razed, sold to developer

Historic photo of original business at 14 E. Pierce Street via Arizona Republic

By Corina Vanek | Arizona Republic

Downtown Phoenix activists sought to stop the demolition of the former Phoenix Public Market Café, but a developer razed the 76-year-old building this spring, shortly before selling it to another developer to build a 350-unit luxury apartment complex.

Phoenix-based Glasir Capital Partners received city permission to demolish the former restaurant and two other nearby buildings in May and sold the property a month later for $8.25 million.

CRG, a development and investment subsidiary of Clayco, bought the half-acre site at First and Pierce streets in a deal that closed June 30, according to real estate database Vizzda.

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