LANDMARK REDEVELOPMENT OPPORTUNITYPhoenix Rising at Park CentralFor Sale |
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Property Address:Property ID: 24Phoenix, Arizona, United States Description:Built in 1955, “Park Central” was the first mall built in Phoenix, Arizona. It has been repositioned into a mixed-use urban center comprised of 556,693 rentable sf of office and retail space in eight separate buildings on 39.25 acres. This unique offering provides investors with an unprecedented opportunity to acquire and redevelop an entire city block in the heart of the Central Corridor in downtown Phoenix. The development plan envisions integrating almost 4,883,000 square feet of new development with the existing mixed use urban center “Park Central.” When completed, it is anticipated to total 5,123,000 sqf of mixed-use product: 213,000 sqf of retail, 1,100,000 sqf of commercial and medical office, a new 140,000 sqf four star hotel and over 3,900,000 sqf of new residential units. FeaturesSpecifications
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