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$1 Billion Project Would Add Six High-Rise Building to the Phoenix Skyline
Jessica Boehm reports: "Six high-rise towers may soon replace a long-vacant plot of land at the northeast corner of Indian School Road and Central Avenue in Phoenix — a project that supporters call a first of its kind in Arizona."
The development, called "The Central Park," would add 2 million square feet of development to a 15-acre lot. The development includes apartments, condominiums, office space, a retirement community, and 170,000 square feet of retail, according to Boehm.
The Phoenix City Council approved the zoning changes sought by Phoenix-based developer Pivotal Group at the beginning of July. Construction is expected to begin in 24 months.
Boehm describes more details of the project and digs into the complicate history of the land—part of the reason it's taken so long to develop this light-rail adjacent, large parcel of land.