Phoenix council weighing mixed-use project near light rail

By Kristena Hansen | Phoenix Business Journal

The Phoenix City Council today was considering entering into an agreement with a private developer to erect what could be a midtown high-rise with at least 40 residential units.

The mixed-use project would sit on roughly a 16,600-square-foot lot along the Metro light rail just south of McDowell Road near Central Ave.

Slightly less than half of the parcel, located on the northeast corner of Central Avenue and Willetta Street behind a CVS store, is owned by the city, with the rest privately owned by Howard and Betsy Toy Yee, according to the meeting agenda and records in the Maricopa County Assessor’s Office. The size of the property was not included in agenda, but the information was available through the county assessor.

Continued:

If you’d like to discuss real estate matters, contact RLG founder Jordan Rose, jrose@roselawgroup.com

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April 17, 2013

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