Phoenix Business Journal (Angela Gonzales): High Street Residential, a wholly owned subsidiary of Dallas-based Trammell Crow Co., is in escrow to buy a vacant parcel of land in downtown Phoenix with plans to build a $140 million mixed-use project.
To be built in two phases, the first phase will include a seven-story, 342-unit apartment complex and 7,000 square feet of ground-floor retail and restaurant space on about 3 acres at the southwest corner of Fourth Avenue and Fillmore Street, said Paul Tuchin, senior vice president for Trammell Crow.
Groundbreaking for the first phase is expected during early first quarter of 2019, with total development costs estimated at about $70 million. It would open during the fourth quarter of 2020.
Read the full article at: https://www.bizjournals.com/phoenix/news/2018/10/12/dallas-builder-eyes-downtown-phoenix-for-140m.html
