“New Downtown Phoenix Apartment and Hotel Units Announced”

"New Downtown Phoenix Apartment and Hotel Units Announced"

A new development is set to transform the downtown Phoenix skyline with two eight-story buildings. The project, known as Eastlake Park Mixed-Use, will feature a multifamily community and a hotel, along with ground floor retail and restaurant spaces in each building. Additionally, there will be an attached six-level parking garage on the west side of the property. Berry Holdings owns this ambitious project while Ayers Saint Gross has been tasked with its design.

The proposed plan involves demolishing most of the existing buildings on South 13th Street except for one that falls under historic protection laws. This prime location near Washington and Jefferson avenues is ideal for mid-rise developments similar to those already present in the surrounding area. However, before construction can begin, Berry must obtain rezoning approval from city officials.

Conveniently located just one block away from a light rail station, this site has been deemed suitable for increased density by Phoenix city staff members.

About the Publisher:
Steve Griffin is based in sunny Palm Harbor, Florida. He’s an accountant by profession and the owner of GRIFFIN Tax and REVVED Up Accounting. In addition, Steve founded Madison Avenue Technology. With a strong passion for commercial real estate, he’s also dedicated to keeping you up to date with the latest industry news.

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