By Real Estate Daily News
Plans to build Arizona’s tallest building are officially on hold. Aspirant Development, the Scottsdale-based firm behind the $650 million Astra Tower project in downtown Phoenix, has delayed its groundbreaking until late 2026, citing the need to finalize financing.
Originally slated to begin construction in the second quarter of 2025, Astra remains on track to become a defining addition to the Phoenix skyline. A company spokeswoman emphasized that the project’s scope and vision remain unchanged despite the revised timeline.
Planned for a 2.18-acre site along Second Avenue between VA Record-Setting Landmark at Van Buren and Fillmore streets, Astra will feature:
- A 44-story, 541-foot residential tower — nearly 60 feet taller than the former Chase Tower, long the city’s tallest building.
- An adjacent 34-story tower rising 424 feet with additional residences and amenities.
- 700 apartment units, 185,000 square feet of Class A office space, and 14,500 square feet for retail and dining.
- A 250-room hotel and 1,156 underground parking spaces.
