Posted Nov 30, 2017, 9:14 PM
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Moderator
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Join Date: Jan 2009
Location: 360, St. Edwards
Posts: 12,383
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This one can likely be written off as cancelled. The developer passed away a yr ago and there's been no update since then.
Developer’s death could dim big downtown development
Aug 25, 2016
Quote:
Chicago real estate developer Bill Smith died earlier this summer. He was 65 and died from a heart attack in Illinois.
Prior to his death, Smith was taking the lead in a proposed $72 million, 34-story apartment tower on top of the Central Station transit station in downtown Phoenix.
Smithfield has offices in Chicago and Paradise Valley. The phone number was disconnected at the Paradise Valley office. Telephone calls and emails to the company have not yet been returned.
Phoenix spokeswoman Cynthia Weaver said the city has not been notified of any changes of status to the potential development.
But a number of knowledgable real estate sources increasingly doubt the downtown tower will get developed. Progress on the redevelopment was already slow before Smith’s death and they viewed Smith as the spearheading force behind the idea.
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