Connect CRE is excited to announce that the historic Hotel San Carlos, located at the southwest corner of Central Avenue and Van Buren Street in Phoenix, Arizona, is set for a $80 million revamp. Built in 1928 as a getaway spot for tourists and Hollywood movie stars alike – being one of the first hotels with steam heat, elevators and air-cooling – it has since been acquired by Rockbridge Capital LLC who have committed to modernizing all guest rooms and bathrooms as well as introducing new amenities such as a destination restaurant, lobby bar & basement speakeasy; reintroducing its iconic palm room & tea court; adding an outdoor pool & rooftop features; plus 5k sqft of meeting space. The renovation project will begin in Q4 2023 with completion expected by Q1 2025.
“Nonprofit HOPE Program Secures 10-Year Renewal with Assistance from Cresa”
Cresa’s senior advisors, Waite Buckley and Michael Herz, successfully negotiated a 10-year renewal lease for 7,500 square feet at 1
Steve Griffin
November 15, 2024
