Mar
16
Arizona Center Begins $25M Renovation
ByThe joint venture paid $126 million to acquire the 16-acre complex, which has entitlements for an additional 3.9 million square feet of improvements.
By IvyLee Rosario
Phoenix—Arizona Center, a downtown mixed-use development at 3rd St. and Van Buren in Phoenix, has kicked off its $25 million makeover. The property comprises two office towers, a 24-screen AMC Theatres multiplex, as well as retail and restaurant space.
Owners Parallel Capital Partners and Angelo, Gordon & Co. tapped Skanska USA to handle construction management for the renovation. The joint venture paid $126 million for the 16-acre complex, which has entitlements for an additional 3.9 million square feet of improvements…
