By Catherine Reagor | The Republic
Phoenix’s High Street development, a high-end retail, office and apartment development near Desert Ridge, has a new owner.
An Alabama firm has invested at least $93.4 million into the 628,000-square-foot project that was foreclosed on during the housing crash.
High Street, home to Sprout Farmers Market corporate offices and the eateries Kona Grill, La Bocca, Mellow Mushroom, Blue Martini and Ocean Prime, was called CityNorth until a few years ago.
Wayzata Investment Partners LLC and ScanlanKemperBard paid almost $67 million for the two-block development in 2013 and renamed it.
