Lincoln Ventures recently grabbed headlines when it bought a .63-acre parcel of land in Downtown Phoenix for $5,380,000 in order to build Moontower PHX, a proposed 24-story, 460,036-square foot apartment building. The first floor will contain office and retail office components, floors two through eight will be a parking garage and floors nine-24 feature apartments. There will be 326 total units. But that’s not the only big project coming soon to Downtown Phoenix. Here are five major Downtown Phoenix projects that are in predevelopment.
Located at the corner of Central and Adams, the Edith will bring 218 new hotel keys and 20,000 square feet of office space to downtown’s core.
Two high rise towers will soon bring new residential offerings, student housing, retail and office suites to the transit center at Central and Van Buren. Developer Medistar will also incorporate current light rail and bus infrastructure into the completed project.
Residences on 2nd
To be developed by Metrowest Development, starting construction in the Spring 2021. This will be a new for-sale townhouse project located at the northwest corner of 2nd Avenue and McKinley Street, in the Roosevelt neighborhood.
Willetta 15. The project will be a 3-story, 15 unit apartment complex which will have exceptional modern architecture designed to complement its two neighbors that we also developed, Willetta 9 and Evergreen 9. All residences will be oversized 1 bedroom/1 bathroom unit types, featuring luxury finishes, large sliding glass doors that open to balconies/patios, walk-in closets, and double vanities.
Offering 352 luxury and workforce residential units, Palmcourt Tower should begin construction before the end of the year.
More people than ever are choosing to live, work, learn and play in Downtown Phoenix. With year-round culture, shopping, nightlife and dining right at your doorstep, there’s never been a better time to live downtown.