In downtown Phoenix, construction is hot, hot, hot!

Downtown Phoenix development is experiencing one of the country’s biggest construction booms with more than a dozen projects in play totaling more than $1 billion. Share on X

Several hotels, multi-family, and office projects are all close to starting construction in the downtown area of Phoenix, the fifth-largest city in the country. 

Market Overview 

Downtown Phoenix is a major financial and government center for the southwest.

Wells Fargo, JP Morgan Chase, and Bank of America all have a major presence in the neighborhood, as does Arizona State University. City, state, and county government offices are also located in downtown Phoenix. 

All of this makes the city center an attractive center for new development. Apartments lead the way in construction, but there are also hotel and commercial construction projects underway or in planning in the Valley of the Sun. 

These are five notable projects expected to break ground in the next few months in downtown Phoenix:  

Mayo Clinic Integrated Education and Research Building

Plans call for the construction of a new 150,000-square-foot Integrated Education and Research Building as part of the Arizona Forward Project that will be constructed adjacent to Arizona State University’s Health Futures Center. The two buildings will be connected by a walkway. The new facility will include 20 or more biomedical and translational research labs for 20 new physicians and scientists. It will also provide additional space for the Mayo Clinic medical school and training programs.

Value	$131 Million
Location	Phoenix, AZ 85054. Adjacent to 6161 East Mayo Boulevard, the ASU & Mayo Health Solutions Innovation Center
Start Date	Q3 2021

 

Merit Sky Harbor Industrial Park

Plans call for an 896,400-square-foot industrial park with seven buildings on 83 acres.

Value	$>100 Million
Location	Phoenix, AZ 85041. Seventh Ave and Elwood St
Start Date	Q3 2021

 

Skye on 6th

Plans call for an apartment complex with 309 studios to two-bedroom apartments. The average unit size will be 655 square feet and 10 percent of the units will be marked as affordable housing. The complex will also have restaurants, 7,000 square feet of retail, co-working space, an amenities deck, and 201 residential and six commercial parking spaces.

Value	$25-100 Million
Location	Phoenix, AZ 85006. 809 N 6th Street
Start Date	Q3 2021

 

Broadstone Camelback

Plans call for the construction of a four-story apartment building with 280 units. Amenities will include a fitness center, pool and barbecue areas. There will also be two levels of a parking garage.

Value	$25-100 Million
Location	Phoenix, AZ 85013. 602 W Camelback Rd
Start Date	Q3 2021

 

U-Haul of Laveen II

Plans call for the construction of a three-story, 94,545-square-foot self-storage facility with a 3,000-square-foot retail store.

Value	$5-25 Million
Location	Phoenix, AZ 85339. 4330 W Southern Ave
Start Date	Q3 2021

 

Planning Stage Construction Projects

Laveen Spectrum Mixed-Use Development

Plans call for the construction of a three-phase development. Phase I will include commercial and retail spaces on 18.35 acres. Phase II will include hotels, medical offices, self-storage, office uses, and a mix of multifamily or single-family housing on 35.54 acres. Phase III will include more residential housings on 17.95 acres.

Value	$>100 million
Location	Phoenix, AZ 85339. 5910 West Baseline Road

 

Dobbins Industrial and Tech Park

Plans call for the construction of an industrial and technology business park. Plans consist of 3,841,500 square feet of light industrial, warehouse, and other employment use buildings, a two-story, 40,000-square-foot office, and a 420,000-square-foot manufacturing research building.

Value	$>100 million
Location	Phoenix, AZ 85048. W Loop 202 and S Mountain Ave

 

The Blue

Plans call for the demolition of the partial structures, and the construction of a 26-story, 651,500-square-foot mixed-use building with 200 condominium units, 200 hotel rooms, a six-level parking garage, retail stores, offices, and restaurants on 1.30 acres. 

Value	$>100 million
Location	Phoenix, AZ 85004. 39 E Jackson St

 

Broadstone on 7th

Plans call for the construction of a five-story, 260-unit multi-family building.

Value	$25-100 million
Location	Phoenix, AZ 85014. 5727 N 7th St

 

Grand Canyon University Research Center

Plans call for a 200,000-square-foot academic building for Grand Canyon University. The development will have academic classrooms, laboratories and a research center.

Value	$25-100 million
Location	Phoenix, AZ 85017. 3100 W Camelback Rd

 

The Arizona Fresh Agri-Food Innovation Center Phase IV

Plans call for four multi-tenant office buildings.

Value	$25-100 million
Location	Phoenix, AZ 85040. 1150 E Elwood St

 

For owner/developer/architect and GC contacts for these projects and thousands more contact BuildCentral.

For the best new hotel, multifamily and commercial construction leads in Phoenix or elsewhere in Arizona, call BuildCentral at 866-316-5300 or sign up for a free trial at ConstructionWire.com.