Photo courtesy of Empire Group
By Angela Gonzales | Phoenix Business Journal
Scottsdale-based Empire Group of Cos., through its luxury urban infill division Aspirant Development, has closed on a $131.2 million financing package and broken ground on The Whitney.
Total development costs for the 24-story tower at the southwest corner of Central Avenue and McDowell Road in Phoenix are estimated around $170 million, Geoffrey Jacobs, managing partner of Aspirant Development, told the Business Journal.
