Work could begin sometime next year on a project that will see the construction of new apartment, condominium, and office space just north of downtown Phoenix.
The project, officially called The Central Park, is slated to go up on a 15-acre site at the intersection of Central Avenue and Indian School Road, and will include around 170,000 square feet of new retail space.
Additional features of the large project include the construction of a 200-room hotel, movie theater, and grocery store, as well as up to two hundred senior housing units.
Long in the talking stage, the project, to be developed by the Phoenix-based Pivotal Group, Inc., will go up adjacent to the Steele Indian School Park.
That park is the site of the former Phoenix Indian School, which was closed in 1990. Several structures still in existence at that site have since been listed on the National Register of Historic Places.
As planned, the new Central Park development would also feature walking trails intersecting with the Steele Indian School Park.
The Pivotal Group is a private equity and real estate investment firm specializing in office, hotel, and residential projects.
A zoning change, allowing for the construction of the Central Park project, was approved by the Phoenix City Council last month.
By Garry Boulard
Get stories like these right to your inbox. Sign up for our newsletter