Phoenix luxury tower faces lawsuits, project’s future cloudy

By Angela Gonzales | Phoenix Business Journal

The general contractor of the second phase of the X Phoenix luxury residential tower, along with several subcontractors, have filed lawsuits alleging tens of millions of dollars is owed for completed work on the stalled construction project.

These lawsuits follow a series of mechanic’s liens filed in connection to the project last year after work came to a screeching halt in September 2023. The project is being developed by The X Company, which has already completed and stabilized the first phase of X Phoenix but has since faced construction issues related to projects in the Valley and other cities.

Read the full subscription story from the Phoenix Business Journal.

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