By Jeremy Duda | Axios Phoenix
Per Trillium Management president Kenneth Losch, a swanky, landmark hotel in north Phoenix that’s been shuttered for several years will get new life as “attainable luxury” apartments near the planned Metrocenter mall redevelopment.
Why it matters: That area of north Phoenix is in the midst of a massive transformation and the redevelopment of the Sheraton Phoenix Crescent will add to the area’s renewal.
The big picture: Foundation 8, a partnership between Trillium Management and Gia Hospitality, plans to convert the hotel into an apartment complex called The Crescent, per Trillium president Kenneth Losch.
State of play: The $120 million project will blend “high‑quality residential living with resort‑style amenities at rental rates accessible to working professionals.”
