Developer plans residential conversion for Phoenix office campus

By Ron Davis | Phoenix Business Journal

CaliberCos Inc. sees a big opportunity with a nearly vacant office campus.

The Scottsdale-based wealth management and real estate investment firm has acquired the more than 300,000-square-foot, two-building Canyon Corporate Center from ViaWest Group which includes two parking garages. Caliber plans to renovate the buildings and develop a minimum of 400 apartment units with the possibility of going up to 700 units as there is also a vacant site within the parcel for possible future development.

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